Arctech Solar(SH:688408) Zheng Quan Zhi Xing·2025-07-16 16:08Core Viewpoint - Jiangsu CITIC Bo New Energy Technology Co., Ltd. announced the cancellation of its supervisory board, changes in registered capital, and amendments to its articles of association to enhance corporate governance and operational efficiency [1][2][3]. Group 1: Cancellation of Supervisory Board - The company will cancel the supervisory board, with its functions transferred to the audit committee of the board of directors, in accordance with the Company Law and relevant regulations [1]. - Until the shareholders' meeting approves the cancellation, the current supervisors will continue to perform their duties to protect the rights of the company and its shareholders [1]. Group 2: Change in Registered Capital - As of May 16, 2025, the company completed the registration of shares from the second vesting period of its 2022 restricted stock incentive plan, increasing the total number of shares from 218,515,940 to 219,065,886, resulting in a registered capital change [2]. Group 3: Amendments to Articles of Association - The company plans to amend its articles of association to improve governance structures, aligning with the Shanghai Stock Exchange's regulations and the actual operational conditions of the company [2][3]. - Non-substantive changes include replacing terms related to the supervisory board with those pertaining to the audit committee, and other minor textual adjustments [2]. Group 4: Governance System Revisions - The company has revised and established several governance systems to promote standardized operations and enhance internal governance mechanisms, in compliance with relevant laws and regulations [3][6]. - Some of these governance revisions require approval from the shareholders' meeting to take effect [6].