LEHUI International(SH:603076) Zheng Quan Zhi Xing·2025-07-16 09:26Core Viewpoint - Ningbo Lehui International Engineering Equipment Co., Ltd. has announced the cancellation of its supervisory board and the revision of its articles of association and governance systems to comply with the new Company Law of the People's Republic of China effective from July 1, 2024 [2]. Group 1: Reasons for Changes - The cancellation of the supervisory board is aimed at enhancing the company's operational standardization and is based on the new regulations outlined in the revised Company Law and relevant guidelines [2][4]. - The powers of the supervisory board will be transferred to the audit committee of the board of directors, and corresponding rules will be abolished [2][4]. Group 2: Amendments to Articles of Association - The articles of association will be revised to reflect the cancellation of the supervisory board and the new governance structure [2][4]. - Specific articles related to the roles and responsibilities of the general manager and the legal representative have been updated, including provisions for civil activities conducted in the company's name [4][6]. - The revised articles will ensure that the company, shareholders, directors, and senior management have legally binding rights and obligations [7][12]. Group 3: Governance Structure - The new governance structure emphasizes the board of directors' authority and responsibilities, including the management of company assets and shareholder rights [4][12]. - The articles will now include provisions for the equal rights of shareholders and the procedures for shareholder meetings, ensuring transparency and fairness in decision-making [12][24]. - The company will implement stricter rules regarding the issuance and transfer of shares, ensuring compliance with legal standards [19][20].