Shanghai Zhida Technology Development Co., Ltd. (ZHIDA TECH-NEW, 02650) has published its revised Articles of Association in conjunction with its Hong Kong listing, outlining capital structure, governance architecture and key shareholder details.
Corporate Profile • Legal form: Joint-stock limited company established by promotion following the overall conversion of Shanghai Zhida Technology Development Co., Ltd. • Business scope: Development, production and sales of electric-vehicle charging equipment and related new-energy technologies, EV charging services, IoT technology services, software development and related imports/exports. • Registered capital: RMB 59.79 million; unified social credit code 91310110564841841X. • Legal representative: Chairman of the Board.
Share Capital and Listing Milestones • Par value: RMB 1 per share. • Initial share capital: 59.79 million ordinary shares, all denominated in RMB. • May 2025: China Securities Regulatory Commission filing for H-share IPO. • 10 Oct 2025: Listed 5.98 million H-shares on the Hong Kong Stock Exchange; simultaneously converted 53.81 million domestic shares into H-shares. • 13 Feb 2026: Extraordinary general meeting approved share capital expansion to 298.94 million ordinary shares, all classified as overseas-listed H-shares.
Key Shareholders (post-conversion, February 2022) 1. Huang Zhiming – 30.44% 2. Shanghai Tongdu Electronic Commerce Center (LP) – 16.75% 3. Jingzhou Zhida Electric Vehicle Co., Ltd. – 9.48% 4. Shanghai China Power Investment Ronghe New Energy Investment Center (LP) – 8.43% 5. Anhui Zhongding Sealing Parts Co., Ltd. – 8.34% Top five promoters collectively hold 73.44% of shares.
Governance Framework • Board composition: Five directors, including three independent directors ( ≥ one with accounting or financial expertise). • Audit Committee substitutes for a statutory supervisory committee and, together with nomination and remuneration committees, reports to the Board. • Party organisation established in accordance with the Constitution of the Communist Party of China. • Directors serve three-year terms; Independent directors must constitute a majority in key committees. • Shareholder protections include cumulative voting for director elections and strict related-party transaction abstention rules.
Capital Management and Investor Protection • Profit allocation: Minimum 10% of annual after-tax profit to statutory reserve until the reserve equals 50% of registered capital. • Cash dividends to be distributed within two months after approval by shareholders; any undistributed funds must be explained in disclosure. • Share buy-backs permitted for capital reduction, employee incentives, bond conversions or value protection; aggregate treasury shares capped at 10% of issued capital and must be disposed of or cancelled within three years. • Guarantees exceeding specified thresholds (e.g., >30% of latest audited net assets) require shareholder approval.
Information Disclosure • Annual report within four months of fiscal year-end; interim results within two months and quarterly results within one month after period end. • Financial statements prepared under PRC GAAP and either IFRS or Hong Kong accounting standards; profit distributions based on the lower of the two profit figures.
Dissolution & Liquidation The Company may dissolve upon term expiry, shareholder resolution, merger/division, regulatory revocation, or court order. A liquidation committee, primarily comprising directors, is required to settle liabilities and distribute residual assets pro rata.
Effective Date The updated Articles take effect from the date ZHIDA TECH-NEW’s H-shares commenced trading on HKEX Main Board (10 October 2025).