HGTECH(SZ:000988) Xin Lang Cai Jing·2025-12-22 15:04Core Viewpoint - The resignation of Mr. Wu Tao from the board of directors of Huagong Technology is part of the company's ongoing efforts to optimize its governance structure, and the appointment of Ms. Wang Ruohong as a staff director reflects the company's commitment to compliance and governance improvement [1][4][7]. Group 1: Board Changes - Mr. Wu Tao submitted his resignation due to adjustments in the company's governance structure and work reasons, and he will not hold any position in the company after his departure [1][4]. - The resignation will not affect the minimum number of board members required by law, ensuring the board's normal operation and the company's ongoing development [3][6]. Group 2: New Appointment - Ms. Wang Ruohong was elected as a staff director during a workers' representative meeting, with her term starting immediately and lasting until the end of the current board's term [7]. - Ms. Wang's qualifications meet the requirements set forth by the Company Law and the company's articles of association, ensuring compliance with legal standards [7]. Group 3: Governance Improvements - The board's personnel changes are part of Huagong Technology's normal arrangements to enhance governance structures, including revising internal governance systems and establishing a "Strategy and ESG Committee" to elevate sustainable development to a strategic level [4][8]. - The company is adapting to new legal requirements and is focused on improving governance levels through institutional reforms [4]. Group 4: Financial Performance - Huagong Technology reported strong financial performance in Q3 2025, with revenue reaching 11.038 billion yuan, a year-on-year increase of 22.62%, and a net profit attributable to the parent company of 1.321 billion yuan, up 40.92% year-on-year [8]. - The competitive landscape in the high-end manufacturing industry is shifting from product and technology competition to a comprehensive ecological competition that includes technological innovation, global market layout, efficient governance, and sustainable development capabilities [8].