Zheng Quan Zhi Xing·2025-07-22 16:16Core Viewpoint - Shanghai Electric Group Co., Ltd. plans to abolish its supervisory board and amend its articles of association to enhance corporate governance and comply with legal and regulatory requirements [1][2]. Group 1: Corporate Governance Changes - The company will cancel the supervisory board, transferring its responsibilities to the audit committee of the board of directors [1][2]. - Amendments to the articles of association will include the removal of references to the supervisory board and related terms, replacing them with "audit committee" [2][3]. Group 2: Legal Compliance - The changes are in accordance with the Company Law of the People's Republic of China and relevant regulations from the Shanghai Stock Exchange [1][2]. - The board of directors has approved the proposal to abolish the supervisory board and amend the articles of association, which will be submitted for shareholder approval [2].