Suzhou Victory Precision announces new director, governance changes

Suzhou Victory Precision Manufacture Co., Ltd. announced resolutions from its second extraordinary general meeting of shareholders for 2025, held on December 22, 2025. Key resolutions included proposals to cancel the supervisory board, amend the company's articles of association, and update various governance documents such as the "Rules of Procedure for the Shareholders' Meeting," "Rules of Procedure for the Board of Directors," and "Independent Director Work Rules." These proposals were passed with significant majority votes from both general and small and medium-sized shareholders.

Shareholders also approved the appointment of an accounting firm and extensions for resolutions related to the 2024 private placement of A-shares. Concurrently, Mr. Cheng Ye, a non-independent director, resigned but will continue as deputy general manager and board secretary.

Following Mr. Cheng Ye's resignation, Ms. Zhang Lijuan was elected as the new employee representative director for the Sixth Board of Directors, effective December 22, 2025. Ms. Zhang Lijuan has held various management roles within the company since 2005 and served as a supervisor from 2017 to December 2025. She indirectly holds 0.01% of company shares through Suzhou Fulacheng Equity Investment Partnership (Limited Partnership).