Shenzhen Hipine Moves to Scrap Supervisory Committee in Governance Overhaul
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Shenzhen Hipine Precision Technology Co., Ltd. plans to abolish its supervisory committee and amend its articles of association to comply with recent PRC corporate law changes. The functions of the committee will be transferred to the board’s audit committee, streamlining governance. The proposed amendments, approved by the board, will take effect after shareholder approval at the upcoming annual general meeting. Until then, the supervisory committee will continue its duties. The company is listed in Hong Kong under stock code 2583 and operates in the precision technology sector.
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