Chengdu SIWI Shareholders Back Loss Offset Plan and New Board Appointment

An announcement from Chengdu Putian Telecommunications Cable Co., Ltd. Class H ( (HK:1202) ) is now available.

Chengdu SIWI Science and Technology Company Limited held its second extraordinary general meeting of 2025 in Chengdu on 18 December, with shareholders or their proxies representing 60% of the company’s issued share capital in attendance. All resolutions put forward were approved by poll with 100% of votes cast in favour, including a measure to use reserves to offset accumulated losses and the election of Li Qiangbin as a non-executive director for the eleventh board session. The capital restructuring step is intended to clean up the company’s balance sheet and may improve its financial flexibility and perceived stability, while the board appointment reinforces the company’s corporate governance structure as it continues to align with both PRC regulations and Hong Kong listing standards.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

More about Chengdu Putian Telecommunications Cable Co., Ltd. Class H

Chengdu SIWI Science and Technology Company Limited is a Sino-foreign joint stock company incorporated in the People’s Republic of China and listed in Hong Kong, with a total issued share capital of 400 million shares split between domestic and H shares. The company operates under PRC Company Law and its own Articles of Association, with a board comprising executive, non-executive and independent non-executive directors overseeing its governance and compliance with Hong Kong listing requirements.

Average Trading Volume: 51,956

Technical Sentiment Signal: Hold

Current Market Cap: HK$356M

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