KSW-TECH(SH:688283) Zheng Quan Zhi Xing·2025-05-26 09:21Core Viewpoint - Chengdu Kunheng Shunwei Technology Co., Ltd. is preparing for its 2024 Annual General Meeting, focusing on governance improvements and financial performance, including proposals for the cancellation of the supervisory board and the purchase of liability insurance for executives [1][30]. Meeting Arrangements - The meeting is scheduled for June 5, 2025, at 14:00 in Chengdu, with both on-site and online voting options available [4][5]. - Participants must register and present necessary identification documents to attend the meeting [2][3]. Agenda Items - Proposal to cancel the supervisory board and amend the company’s articles of association [24][26]. - Proposal to purchase liability insurance for the company and its executives [30][32]. - Financial performance report indicating a revenue of CNY 226.57 million, a 10.66% decrease year-on-year, and a net profit of CNY 37.03 million, down 57.48% [36]. - Proposal for a cash dividend of CNY 2.60 per 10 shares, totaling CNY 31.45 million [15][16]. - Election of the fourth board of directors, including independent and non-independent directors [33][34]. Financial Performance - The company reported a decline in revenue and net profit due to market conditions and increased costs [36]. - The company is focusing on emerging industries, particularly satellite internet, to drive future growth [36][37]. Governance Improvements - The company aims to enhance its governance structure by eliminating the supervisory board and transferring its responsibilities to the audit committee [26][28]. - The board of directors has been active, holding eight meetings during the reporting period to ensure compliance with legal and regulatory requirements [38][39].