Beijing-Shanghai High Speed Railway (SH:601816) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-06 00:06Core Viewpoint - The company has held its eighth board meeting and approved several key resolutions, including amendments to its articles of association and the cancellation of the supervisory board, which will be submitted for shareholder approval [1][4][21]. Group 1: Board Meeting Resolutions - The board approved the amendment to the articles of association and the cancellation of the supervisory board, with unanimous support from all 11 voting members [3][18]. - The board also approved amendments to the rules governing shareholder meetings, board meetings, and the audit committee, all requiring shareholder approval [5][7][11]. - A temporary shareholders' meeting has been proposed to discuss these amendments [14]. Group 2: Governance Structure Changes - The company aims to enhance its corporate governance by canceling the supervisory board and transferring its responsibilities to the audit committee, pending shareholder approval [23]. - The revised governance documents have been disclosed on the Shanghai Stock Exchange [23]. Group 3: Financial Services Agreement - The company has signed a financial services agreement with China Railway Finance Co., which includes deposit, loan, settlement, and other financial services [25][26]. - The agreement stipulates that the company can choose its financial service providers and sets limits on daily deposit and loan balances at 3 billion RMB each [27][28][31]. - The financial services agreement is set to last for three years, from July 31, 2025, to July 30, 2028 [31].