Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-05-28 00:07Core Viewpoint - The company aims to enhance investor returns by proposing a mid-term profit distribution plan, subject to shareholder approval and based on the company's financial performance and cash flow situation [1][5][19]. Group 1: Authorization Details - The maximum amount for the mid-term profit distribution will not exceed the net profit attributable to shareholders for the corresponding period in 2025 [2]. - The authorization period for the mid-term profit distribution is from the date of approval at the 2024 annual shareholder meeting until the 2025 annual shareholder meeting [3]. - The board of directors is authorized to handle all matters related to the 2025 mid-term profit distribution, including deciding whether to distribute profits and formulating the distribution plan [4]. Group 2: Decision-Making Process - The company held the 18th meeting of the 7th Board of Directors and the 13th meeting of the 7th Supervisory Board on May 27, 2025, where the proposal for shareholder authorization was approved and submitted for shareholder review [5][9]. Group 3: Supervisory Board Decisions - The Supervisory Board agreed to cancel the Supervisory Board and its settings, transferring its powers to the Audit Committee of the Board of Directors, and proposed amendments to the company’s articles of association and meeting rules [10][23]. - The Supervisory Board also approved the revision of the company’s articles of association and the rules for shareholder meetings, which will be submitted for shareholder approval [13][16]. Group 4: Amendments to Governance Structure - The amendments to the articles of association include adjustments to the governance structure, such as the removal of provisions related to the Supervisory Board and the establishment of a system for managing departing directors [28]. - New provisions regarding controlling shareholders, actual controllers, and specialized committees of the Board of Directors have been added [28].