Digital China Information Service injects $800m into subsidiary, revamps governance

Digital China Information Service (DCIS) will provide financial assistance of up to 800 million yuan to its controlling subsidiary, Digital China Information System Co., Ltd., for one year starting from the approval date of the 2026 first extraordinary general meeting. This decision is supported by collateral from other shareholders of Digital China Information System Co., Ltd.

The company projects 2026 daily related party transactions not exceeding 597 million yuan, including dealings with Digital China Holdings Co., Ltd. (up to 90 million yuan) and Digital China Group Co., Ltd. (up to 477 million yuan). Additionally, DCIS's 2022 employee stock ownership plan has concluded, with all 11,047,477 shares sold, terminating the plan and not impacting the company's total share capital.

In governance updates, DCIS's board will reduce from nine to eight directors, while the audit committee will decrease from four to three members, including a reduction in independent directors. These amendments are subject to shareholder approval. The company also announced the departure of co-chairman Wang Yongli and independent director Luo Ting, with Li Hongchun appointed as co-chairman and Xu Qichang as non-independent director candidate and chief executive.