SINEE(SH:688395) Zheng Quan Zhi Xing·2025-07-08 11:24Core Viewpoint - The company plans to cancel its supervisory board and amend its articles of association, transferring the supervisory functions to the audit committee of the board of directors, pending approval from the shareholders' meeting [1][2]. Summary by Sections Cancellation of Supervisory Board - The company intends to abolish the supervisory board in accordance with the latest regulations of the Company Law and relevant stock exchange rules, with the audit committee taking over the supervisory responsibilities [1][2]. Amendments to Articles of Association - The amendments aim to enhance the company's operational standards, aligning with the Company Law and other regulatory guidelines. Key changes include: - The first article now emphasizes the protection of the rights of the company, shareholders, and creditors [2]. - The role of the chairman as the legal representative of the company is clarified, including the process for appointing a new representative upon resignation [3]. - The company's operational purpose has been updated to focus on customer value and mutual growth [4]. - The scope of business activities has been refined to include technology development and sales of automation products, with specific exclusions for restricted items [5]. - The issuance of shares will adhere to principles of fairness and equality, ensuring all shares of the same class have equal rights [6]. - Provisions regarding the company's ability to provide financial assistance for share acquisition have been adjusted, limiting such assistance to 10% of the total issued capital [7]. - The company’s capital increase methods have been specified, including public and private offerings [8].