Chipown(SH:688508) Zheng Quan Zhi Xing·2025-05-30 15:17Group 1 - The company has decided to cancel its supervisory board and amend its Articles of Association, transferring the supervisory responsibilities to the audit committee of the board of directors [1][2][3] - The amendments to the Articles of Association aim to enhance the company's governance structure in accordance with relevant laws and regulations [1][2][3] - Specific changes include the removal of the supervisory board's rules and the revision of various governance provisions to align with the new corporate governance framework [1][2][3] Group 2 - The revised Articles of Association emphasize the protection of the rights of shareholders, employees, and creditors, reflecting a broader stakeholder approach [1][2][3] - The company will now have a single legal representative, the chairman, whose responsibilities and legal implications are clearly defined in the amended Articles [3][4] - The amendments also introduce provisions regarding the establishment of a Communist Party organization within the company, highlighting the integration of party activities into corporate governance [6][7] Group 3 - The company has updated its capital increase procedures, allowing for more flexible methods of raising capital while ensuring equal rights for all shareholders [7][8] - New rules regarding the acquisition of company shares have been established, including limits on the total amount of financial assistance that can be provided for share acquisitions [7][8] - The company has clarified the conditions under which it can repurchase its shares, ensuring compliance with legal and regulatory requirements [7][8] Group 4 - The company has revised the rules governing shareholder meetings, including the procedures for calling and conducting meetings, to enhance transparency and shareholder engagement [32][33] - The amendments specify the rights of shareholders, including the ability to request information and participate in decision-making processes [32][33] - The company has established clearer guidelines for the approval of significant transactions and external guarantees, ensuring that such actions are subject to appropriate oversight [30][31][32] Group 5 - The company has introduced stricter regulations regarding the conduct of major shareholders and actual controllers to prevent conflicts of interest and protect minority shareholders [22][23][24] - New provisions have been added to hold shareholders accountable for any abuse of rights that may harm the company or other shareholders [23][24] - The amendments also reinforce the obligations of major shareholders to act in the best interests of the company and its stakeholders [23][24]