---
title: "Shenzhen Hipine Moves to Scrap Supervisory Committee in Governance Overhaul"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279493859.md"
description: "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."
datetime: "2026-03-17T15:11:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279493859.md)
  - [en](https://longbridge.com/en/news/279493859.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279493859.md)
---

# Shenzhen Hipine Moves to Scrap Supervisory Committee in Governance Overhaul

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Shenzhen Hipine Precision Technology Co., Ltd. Class H ( (HK:2583) ) has provided an announcement.

Shenzhen Hipine Precision Technology plans to abolish its supervisory committee and amend its articles of association to align with recent PRC corporate law changes and updated regulatory guidelines. The move will transfer the committee’s functions to the board’s audit committee, streamline internal governance, and incorporate consequential and housekeeping revisions to the company’s internal management framework.

The proposed amendments, approved by the board on 17 March 2026, will take effect only after shareholders pass a special resolution at the upcoming annual general meeting. Until then, the supervisory committee and its members will continue to perform their duties to ensure normal group operations, while a circular detailing the changes and AGM notice will be dispatched to shareholders in due course.

**More about Shenzhen Hipine Precision Technology Co., Ltd. Class H**

Shenzhen Hipine Precision Technology Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong under stock code 2583. The group operates in the precision technology sector, with its business conducted through various subsidiaries and governed by PRC company law and Hong Kong listing rules.

**Average Trading Volume:** 82,636

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** HK$6.78B

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