Zheng Quan Zhi Xing·2025-07-29 16:21Core Points - The company plans to adopt the Chinese Accounting Standards for financial reporting and terminate the reappointment of the H-share financial reporting auditing agency [5] - The company will hold a shareholders' meeting on August 14, 2025, to discuss various proposals including the cancellation of the supervisory board and amendments to the company's articles of association [4][5] - The company aims to enhance corporate governance by eliminating the supervisory board, with its responsibilities being transferred to the audit committee of the board of directors [5][7] Meeting Arrangements - The meeting will be convened by the board of directors, with a physical meeting scheduled for August 14, 2025, at 9:30 AM, and online voting available from 9:15 AM to 3:00 PM on the same day [4] - The agenda includes the reading and deliberation of several proposals, including the cancellation of the supervisory board and amendments to the articles of association [4][5] Proposals for Discussion - Proposal 1: Cancellation of the supervisory board and amendments to the articles of association [5] - Proposal 2: Amendments to the rules governing shareholders' meetings [5] - Proposal 3: Amendments to the rules governing board meetings [5] - Proposal 4: Discussion on the remuneration of directors [5] - Proposal 5: Adoption of Chinese Accounting Standards for financial reporting and termination of the H-share auditing agency [5] - Proposal 6: Election of non-independent directors for the seventh board of directors [5] - Proposal 7: Election of independent directors for the seventh board of directors [5] Governance Enhancements - The company will revise its articles of association to improve governance structure, including the removal of references to the supervisory board and the establishment of a sustainable development committee [5][7] - The amendments will also clarify the roles and responsibilities of the board of directors and its committees, enhancing decision-making processes [5][7]