升级投资者保护机制 科创板股票上市规则五大维度修订

Group 1 - The new regulations focus on optimizing corporate governance structures and enhancing investor protection mechanisms in the context of the new Company Law [1] - The audit committee is now required to take over the responsibilities of the supervisory board, with specific meeting and attendance requirements [1] - 36 companies on the Sci-Tech Innovation Board have already eliminated their supervisory boards in favor of audit committees composed of independent directors [1] Group 2 - The responsibilities of controlling shareholders and actual controllers have been further clarified, with specific obligations outlined for directors and executives [1] - The rules now include detailed requirements for the review of contracts and transactions involving directors and executives [1] Group 3 - The threshold for minority shareholders to propose temporary motions has been reduced from 3% to 1%, enhancing the rights of small shareholders [2] - The rules establish a more balanced decision-making mechanism within companies, particularly regarding special voting rights [2] Group 4 - New regulations on information disclosure exemptions are set to take effect from July 1, 2025, aimed at better meeting the needs of innovative enterprises [2] - The updated rules clarify the circumstances under which exemptions can be granted [2] Group 5 - The revised rules provide exceptions for controlling shareholders and actual controllers regarding the transfer of shares within three years of listing, aligning with practices in other market segments [3] - This change aims to facilitate mergers and acquisitions involving companies listed for less than three years [3]