SHRC(600392) Zheng Quan Zhi Xing·2025-05-14 11:20Core Viewpoint - The company has proposed amendments to its articles of association and meeting rules, including the abolition of the supervisory board, which will be replaced by the audit committee of the board of directors. The amendments require approval from the shareholders' meeting to take effect [1]. Summary by Sections Company Structure and Governance - The company will no longer have a supervisory board, and its powers will be transferred to the audit committee of the board of directors [1]. - The amendments to the articles of association and related rules are based on the Company Law of the People's Republic of China and other relevant regulations [1]. Shareholder Rights and Responsibilities - Shareholders will continue to have rights and obligations as stipulated in the amended articles of association, which will be legally binding [6][7]. - The company emphasizes that shareholders must comply with laws and regulations, and any abuse of shareholder rights that harms the company or other shareholders will result in liability [38][39]. Meeting Procedures - The company will provide both physical and electronic means for shareholders to participate in meetings, ensuring accessibility [28]. - Legal opinions will be sought to confirm the legality of meeting procedures and the qualifications of attendees [51][52]. Financial and Operational Guidelines - The company will not provide financial assistance for acquiring its own shares, except for employee stock ownership plans [9]. - The company’s total assets are divided into equal shares, and shareholders are liable only to the extent of their subscribed shares [10]. Amendments and Approvals - The proposed amendments will take effect only after being approved by the shareholders' meeting [1]. - Specific provisions regarding the issuance of shares and the rights associated with different classes of shares have been clarified in the amendments [18][19].