CFLED(SZ:300301) Zheng Quan Zhi Xing·2025-08-04 16:47Core Viewpoint - Shenzhen Changfang Group Co., Ltd. is revising its Articles of Association and governance systems to enhance corporate governance and compliance with relevant laws and regulations [1][2][3]. Summary by Sections Revision of Articles of Association and Governance Systems - The company held meetings of the Board of Directors and Supervisory Board on August 4, 2025, to approve the amendments to the Articles of Association and related governance systems [1]. - The revisions aim to improve the company's operational standards and governance structure, including the reform of the Supervisory Board, which will transfer its powers to the Audit Committee [1][2]. Changes to Governance Systems - The company has reviewed existing governance systems and made necessary amendments, additions, and abolitions, including merging the "Audit Committee Annual Report Working Regulations" into the "Board of Directors Audit Committee Working Rules" [2]. - Several governance documents will be abolished, including the "Independent Director Annual Report Working Regulations" and the "Cumulative Voting System Implementation Rules" [2]. Submission for Shareholder Approval - The revised Articles of Association and governance systems will be submitted for approval at the company's first extraordinary general meeting of shareholders in 2025 [3]. - The Board of Directors will seek authorization from the shareholders to handle necessary business registration changes following the approval of the revised Articles of Association [3].