Shenzhen SEG board approves restructuring, key acquisition

Shenzhen SEG Co., Ltd. announced on December 26, 2025, resolutions from its Eighth Board of Directors’ 66th Extraordinary Meeting and its 2025 Sixth Extraordinary General Meeting. The board approved major organizational restructuring, including eliminating the supervisory board (with functions transferred to the audit committee), reconfiguring the investment management department into a "Strategic Investment Department," and rebranding the enterprise development department as the "Operations Management Department." Additionally, a new "Inspection and Testing Business Unit" will be established to manage the company's inspection and testing business segment, aiming to optimize operational management and enhance efficiency.

The board also approved revisions to management policies, including "Middle and Employee Performance Management Measures," "Middle and Employee Remuneration Management Measures," "Managerial Performance Appraisal and Remuneration Management Measures," and project procurement guidelines. These amendments reflect the company’s strategic transformation needs.

Shareholders, meeting on December 25, 2025, approved a significant investment in Shenzhen 863 New Material Technology Co., Ltd., involving the acquisition of 81% equity. The resolution passed with 19,879,941 votes in favor (97.2427%), 543,300 votes against (2.6576%), and 20,400 abstentions (0.0998%). Controlling shareholder Shenzhen SEG Group Co., Ltd., holding 696,163,182 shares, abstained from voting on this related-party transaction.