ADD(SH:603089) Zheng Quan Zhi Xing·2025-07-18 16:17Core Viewpoint - Zhejiang Zhengyu Industrial Co., Ltd. has decided to cancel its supervisory board and amend its registered capital and articles of association, reflecting a shift in corporate governance structure and compliance with updated regulations [1][3]. Group 1: Cancellation of Supervisory Board - The company will no longer have a supervisory board or supervisors, with the powers previously held by the supervisory board now transferred to the audit committee of the board of directors [1][3]. - The relevant rules governing the supervisory board have been abolished, and provisions related to the supervisory board will no longer apply [1][3]. Group 2: Change in Registered Capital - The company has received approval from the China Securities Regulatory Commission for the issuance of 2.9 million convertible bonds, which can be converted into A-shares starting from July 7, 2020 [1][2]. - As of the last conversion date on June 18, 2025, a total of 289,495,000.00 yuan of convertible bonds have been converted into 31,226,743 shares, increasing the total share capital from 223,738,756 shares to 240,033,268 shares [2][3]. Group 3: Amendments to Articles of Association - The articles of association will be revised to reflect the cancellation of the supervisory board, changes in registered capital, and the addition of provisions regarding the responsibilities of controlling shareholders and actual controllers [3][4]. - Key amendments include the removal of supervisory board-related provisions, the establishment of a worker representative director on the board, and the clarification of the obligations of controlling shareholders [3][4][5].