MGI Tech announced plans to increase the number of board members from 10 to 11 and nominated current general manager and legal representative Liu Jian as a candidate for non-independent director. The nomination was approved at the company's second board of directors' 25th meeting. Liu Jian's term will begin upon approval at the third extraordinary general meeting in 2026 and last until the end of the second board's term. In the first quarter of 2026, MGI Tech achieved revenue of 585 million yuan and a net loss attributable to the parent company of 105 million yuan.
MGI Tech Co. Ltd. ABoard expansion and director nomination are governance changes; financial results show net loss.