SIASUN(SZ:300024) Zheng Quan Zhi Xing·2025-07-15 16:29Summary of Key Points Core Viewpoint - The company, Shenyang Siasun Robot & Automation Co., Ltd., has revised its Articles of Association and governance systems, including the elimination of the supervisory board, transferring its responsibilities to the audit committee of the board of directors [1][2]. Revision of Articles of Association - The company will no longer have a supervisory board, with its powers being assumed by the audit committee of the board of directors [1]. - The current supervisors will be relieved of their duties upon the approval of the revised Articles of Association by the shareholders' meeting [1]. - The revisions are in accordance with the updated Company Law of the People's Republic of China and relevant regulations [1][2]. Key Amendments - The Articles of Association now emphasize the protection of the rights of the company, shareholders, employees, and creditors [1]. - The legal representative of the company will be the chairman or the general manager, and the company must appoint a new legal representative within 30 days if the current one resigns [1][2]. - The company’s total shares are set at 1,565,619,950, with a par value of RMB 1.00 per share [2][3]. Shareholder Rights and Obligations - Shareholders have the right to sue other shareholders, directors, and senior management under the revised Articles of Association [2]. - The company has established clear guidelines for the issuance of shares, ensuring equal rights for all shareholders of the same class [3]. - Shareholders are required to report any pledges of their shares to the company [3][4]. Governance and Decision-Making - The company’s governance structure allows for the board of directors to make decisions on capital increases and other significant corporate actions, subject to shareholder approval [3][4]. - The company will hold annual and extraordinary shareholder meetings, with specific procedures for convening these meetings outlined in the revised Articles [4][5]. Compliance and Legal Obligations - The company is committed to complying with legal and regulatory requirements, including timely disclosure of significant events and maintaining the independence of its operations [6][7]. - The audit committee and board of directors are responsible for ensuring compliance with laws and regulations, and shareholders have the right to request legal action if necessary [6][7].