NASN TECH (Hong Kong stock code 02261) has tabled an extensive package of amendments to its Articles of Association to align corporate governance with both on-shore and Hong Kong listing requirements after completing its Main Board debut on 7 August 2026.
The Zhejiang-based automotive intelligence specialist raised its overseas share capital by issuing 57.59 million H shares at listing, expanding total share capital to 594.98 million shares. Registered capital is now set at RMB 37.19 million.
Key proposed revisions:
• Corporate representation – the company’s legal representative will change from the Chairman of the Board to the General Manager, with corresponding adjustments to resignation procedures. • Dividend timetable – implementation windows for approved cash or scrip dividends will be extended to within six months (previously two months). • Governance structure – the Board will formally confirm that the Audit Committee assumes the statutory role of a supervisory committee, eliminating the need for a separate supervisory body. Audit Committee meeting frequency will shift from quarterly to semi-annual, and its members, including the convener, will be elected by the Board. • Independent oversight – any connected-transaction proposals destined for shareholder approval must first pass a standalone meeting of independent non-executive directors (INEDs), refining the prior requirement that focused on Board-level approval. • Capital reduction flexibility – new clauses permit non-pro-rata capital reductions, subject to special shareholder resolution and full compliance with PRC law and HKEX rules, alongside enhanced disclosure obligations. • Directors’ duties – conflict-of-interest provisions are tightened, now requiring directors to report related transactions and competing business opportunities to the Board (rather than to shareholders) for prior approval. • Effective date – the revised Articles will become operative upon shareholder approval, replacing the existing version that took effect on the company’s listing date.
The amendments will be put to shareholders as a special resolution at an upcoming general meeting. A detailed circular and meeting notice will be posted on HKEXnews and the company’s website and dispatched to shareholders who request hard copies.
As at 24 September 2026, the Board comprises Executive Directors Tao Zhe (Chairman & CEO), Liu Qian and Lin Yi; Non-executive Directors Liu Limei, Wang Jianming and Yeh Kuantai; and Independent Non-executive Directors Fan Chi Chiu, Jiang Zhenyu and Wang Yao.