Huitongda Shareholders Approve Governance Overhaul and Loss Offset at Extraordinary Meeting

The latest announcement is out from Huitongda Network Co., Ltd. Class H ( (HK:9878) ).

Huitongda Network Co., Ltd. reported that shareholders at its second extraordinary general meeting of 2025 approved a series of corporate governance and financial restructuring measures. Investors voted overwhelmingly, with 100% of votes cast in favor, to abolish the board of supervisors, amend the company’s articles of association and procedural rules for both general meetings and the board of directors, and authorize the use of reserves to offset accumulated losses. The changes, backed by a turnout representing roughly 63% of voting share capital, are set to streamline the company’s governance structure and strengthen its balance sheet, potentially enhancing operational flexibility and aligning oversight mechanisms more closely with international capital market practices.

The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.

More about Huitongda Network Co., Ltd. Class H

Huitongda Network Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong, operating in the technology-enabled retail and commerce services sector. It focuses on providing network-based solutions and services that connect suppliers with retail outlets across China, supporting the digitalization and operational efficiency of traditional retail channels.

Average Trading Volume: 644,499

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.76B

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