Victory Giant Technology (VGT) announced that its board of directors, at a meeting on 12 June 2026, approved three strategic governance changes:

1. Unified financial reporting • From financial year 2026 onward, VGT will prepare and disclose all statutory accounts solely under China Accounting Standards for Business Enterprises (CAS). • The board cited the “substantial convergence” between CAS and International Financial Reporting Standards (IFRS) and the completion of the company’s Hong Kong H-share listing on 21 April 2026. • Management expects the switch to streamline reporting, improve disclosure efficiency and lower audit and compliance costs, with no material impact on earnings or balance-sheet metrics.

2. Auditor transition • The separate mandate of BDO Limited (Hong Kong) ends after completion of H-share listing work. • The board proposes re-appointing BDO China Shu Lun Pan Certified Public Accountants LLP as the sole auditor for both A- and H-share financial statements for 2026. • The appointment will be tabled for shareholder approval at the company’s second extraordinary general meeting (EGM) of 2026.

3. Amendments to Articles of Association and appendices • Registered capital is updated to RMB 982.78 million, reflecting the issue of 95.85 million H shares and bringing total share count to 982.78 million (A shares: 872.56 million or 88.78%; H shares: 110.23 million or 11.22%). • Governance refinements align board and shareholder meeting procedures with Hong Kong Listing Rules, including: – Increasing board meeting frequency to at least one per quarter; – Extending regular board-meeting notice to 14 days; – Clarifying matters that cannot be approved by written resolution; – Adjusting shareholder voting-solicitation rules and cumulative-voting triggers. • The board is authorised to handle related regulatory filings upon EGM approval.

The audit committee unanimously endorsed the accounting-standard unification and auditor consolidation, affirming that the measures support transparency while reducing costs for shareholders.