GenSho Logistics(SH:603813) Zheng Quan Zhi Xing·2025-07-11 11:08Core Viewpoint - Guangdong Yuanshang Logistics Co., Ltd. has announced the cancellation of its supervisory board and the revision of its articles of association and governance systems in accordance with the new Company Law effective from July 1, 2024, and related regulations [1] Group 1: Cancellation of Supervisory Board - The supervisory board will be abolished to enhance the company's governance structure and comply with market supervision requirements, with its powers transferred to the audit committee of the board of directors [1] - The relevant rules and regulations concerning the supervisory board will be abolished accordingly [1] Group 2: Revision of Articles of Association - The articles of association have been revised to align with the new Company Law and other relevant regulations, ensuring the protection of the rights of the company, shareholders, and creditors [2][3] - The chairman of the board will serve as the legal representative of the company, and the resignation of the chairman will also be considered as the resignation of the legal representative [3] - New provisions state that the legal representative's civil activities conducted on behalf of the company will have legal consequences borne by the company [4][5] Group 3: Shareholder Rights and Responsibilities - The articles of association outline that shareholders are liable for the company's debts only to the extent of their subscribed shares [7] - Shareholders have the right to sue the company, its directors, supervisors, and senior management under the provisions of the articles of association [7] - The company must maintain a shareholder register, which serves as proof of share ownership and entitles shareholders to rights and obligations according to their share categories [15]