SF Intra-city Shareholders Approve Governance Overhaul, Abolish Supervisory Committee

An announcement from Hangzhou SF Intra-city Industrial Co., Ltd. Class H ( (HK:9699) ) is now available.

Hangzhou SF Intra-city Industrial Co., Ltd. reported that its 2025 third extraordinary general meeting, held via telecommunication on 30 December, achieved a quorum with shareholders representing about 65.39% of its issued share capital (excluding treasury shares) participating, and that all directors were in attendance. Shareholders overwhelmingly approved three special resolutions by poll, including the cancellation of the company’s supervisory committee and corresponding amendments to its articles of association, as well as changes to the rules of procedures for shareholders’ general meetings and the board of directors, each receiving more than two-thirds support. The moves signal a significant adjustment to the company’s corporate governance structure, potentially streamlining oversight and decision-making processes, and may affect how the board and shareholders interact in future governance matters.

The most recent analyst rating on (HK:9699) stock is a Buy with a HK$20.00 price target. To see the full list of analyst forecasts on Hangzhou SF Intra-city Industrial Co., Ltd. Class H stock, see the HK:9699 Stock Forecast page.

More about Hangzhou SF Intra-city Industrial Co., Ltd. Class H

Hangzhou SF Intra-city Industrial Co., Ltd. is a People’s Republic of China-incorporated company listed in Hong Kong, operating in the logistics and intra-city delivery sector. It focuses on providing on-demand, same-city delivery and related services, primarily targeting e-commerce platforms, merchants, and individual customers in the fast-growing urban logistics market.

Average Trading Volume: 1,311,448

Technical Sentiment Signal: Sell

Current Market Cap: HK$10.19B

Learn more about 9699 stock on TipRanks’ Stock Analysis page.