Shanghai Huayi (SH:600623) Zheng Quan Zhi Xing·2025-07-21 10:36Core Points - The company is holding its third extraordinary general meeting of shareholders on July 31, 2025, to discuss the revision of the Articles of Association and the cancellation of the supervisory board [1][2] - The meeting will ensure the protection of shareholders' rights and maintain order and efficiency during the proceedings [1][2] - The proposed changes include the abolition of the supervisory board, with its functions being transferred to the audit committee of the board of directors [3][5] Meeting Procedures - A secretariat will be established to manage the meeting logistics, and shareholders must register to speak 15 minutes before the meeting [2] - Each shareholder will have a speaking time limit of two minutes, and the order of speaking will be based on the number of shares held [2] - Legal witnesses will oversee the voting process to ensure compliance with legal procedures [2] Proposed Amendments - The amendments to the Articles of Association are in accordance with the new Company Law and related regulations, which will take effect on July 1, 2024 [3] - The revisions aim to enhance the governance structure by removing the supervisory board and updating the rules for shareholder and board meetings [3][5] - The company will also authorize the board secretary to handle all necessary applications and filings related to these amendments [5] Company Structure - The company’s registered capital is RMB 2,122,831,280, and it operates under the principles of fairness and transparency in its share issuance [5][10] - The company is committed to maintaining the rights and interests of shareholders, employees, and creditors [5][10] - The governance structure includes a board of directors and an audit committee, which will now assume the responsibilities previously held by the supervisory board [3][5]