Shenzhen Capchem plans H-share listing, revises governance documents

Shenzhen Capchem Technology has approved an H-share listing on the Hong Kong Stock Exchange to advance its global strategy and optimize capital structure. This initiative necessitates revisions to various internal governance documents, including the Articles of Association, Shareholder Meeting Rules, Board Meeting Rules, and several management policies, all effective upon the H-share listing. The company also announced a restricted share incentive plan for 259 employees, with a revised grant price of RMB 19.43 per share, to align employee interests with long-term growth.

Further, the company will conduct commodity futures hedging activities, capped at RMB 80 million for margins and RMB 400 million in maximum contract value, to mitigate raw material price volatility. This strategic move aims to stabilize operations and enhance financial resilience. The board of directors will undergo a re-election, nominating nine directors, including three independent directors, for a new three-year term, to ensure robust corporate governance.