FFEC(SH:600203) Zheng Quan Zhi Xing·2025-07-23 12:21Core Viewpoint - Fujian Furi Electronics Co., Ltd. has announced the revision of its Articles of Association, which includes the cancellation of the supervisory board, transferring its powers to the audit committee of the board of directors [1]. Summary by Sections Company Structure - The company will no longer have a supervisory board, and the relevant provisions regarding the supervisory board will be deleted from the Articles of Association [1]. - The powers previously held by the supervisory board will now be exercised by the audit committee of the board of directors [1]. Legal Compliance - The revisions are made in accordance with the Company Law, Securities Law, and other relevant regulations [1]. - The company ensures that the announcement does not contain any false records, misleading statements, or significant omissions, and takes legal responsibility for the truthfulness, accuracy, and completeness of the content [1]. Shareholder Rights - The revised Articles of Association will continue to protect the rights and interests of shareholders and creditors, establishing a modern state-owned enterprise system with Chinese characteristics [1]. - Shareholders will retain their rights to request, convene, and participate in shareholder meetings, as well as to supervise the company's operations [6][8]. Governance Changes - The company will implement changes to its governance structure, including the removal of the supervisory board and the establishment of new rules for the audit committee [1]. - The company will ensure that the governance changes comply with the relevant laws and regulations, maintaining transparency and accountability [1]. Meeting Procedures - The company will hold shareholder meetings in accordance with the revised Articles of Association, providing both in-person and online voting options for shareholders [24][25]. - Legal opinions will be sought to ensure compliance with laws and regulations during the meetings [26]. Financial Management - The company will adhere to strict financial management practices, ensuring that funds are not misappropriated by controlling shareholders or related parties [20][21]. - Measures will be implemented to prevent the controlling shareholders from occupying company assets and to ensure the independence of the company's operations [20][21]. Future Commitments - The company commits to maintaining the integrity of its operations and protecting the interests of all shareholders, particularly in light of the changes to its governance structure [1][20]. - The company will actively cooperate with regulatory bodies to ensure compliance with all relevant laws and regulations [1].