Wolong New Energy Group(SH:600173) Zheng Quan Zhi Xing·2025-07-15 16:32Core Viewpoint - The company has decided to abolish the supervisory board and amend its articles of association and related rules, transferring the supervisory powers to the audit committee of the board of directors [1][2]. Summary by Sections Cancellation of Supervisory Board - The company plans to cancel the supervisory board, with its powers being transferred to the audit committee of the board of directors, and the rules governing the supervisory board will be abolished [2]. Amendments to Articles of Association - The term "general meeting" will replace "shareholders' meeting" throughout the articles of association. The entire section regarding the supervisory board will be deleted, and new sections on "controlling shareholders and actual controllers," "independent directors," and "special committees of the board" will be added [2]. Legal Framework - The amendments are made in accordance with the latest revisions of the Company Law of the People's Republic of China, the Guidelines for the Governance of Listed Companies, and the Articles of Association of Listed Companies, reflecting the company's actual situation [2]. Responsibilities of the Chairman - The chairman will act as the legal representative of the company, and if the chairman resigns, a new legal representative will be appointed within 30 days [3]. Shareholder Responsibilities - Shareholders are required to comply with laws, regulations, and the articles of association, and they must pay the capital contributions according to their subscribed shares [16]. Rights of Shareholders - Shareholders have the right to request, convene, and participate in the general meeting, and they can exercise their voting rights according to their shareholdings [32].