Espressif Systems(SH:688018) Zheng Quan Zhi Xing·2025-08-13 12:19Core Viewpoint - The company is holding its fourth extraordinary general meeting of shareholders in 2025 to discuss significant changes including the cancellation of the supervisory board, relocation of the registered office, and amendments to the company’s articles of association and management systems [3][4][6]. Group 1: Meeting Procedures - The meeting will be organized by a working group led by the company’s board secretary to ensure proper procedures and order [2]. - Only authorized attendees such as shareholders, board members, and invited personnel will be allowed entry, while others may be refused [2]. - Shareholders must arrive 20 minutes early to sign in and present necessary identification and documentation [2]. - Shareholders have the right to speak, consult, and vote, with a structured process for registration and topic relevance [2]. - Voting will be conducted through a named ballot system, where each share carries one vote, and improper ballots will be considered abstentions [2]. Group 2: Agenda Items - The meeting will include the announcement of attendees, review of proposals, shareholder discussions, and the election of vote counters [3]. - A legal opinion will be presented by a lawyer from Shanghai Jintiancheng Law Firm [3]. Group 3: Proposed Resolutions - The company plans to abolish the supervisory board, transferring its powers to the audit committee of the board, and will repeal related internal regulations [4]. - The registered office will be relocated to a new property acquired for the establishment of a research and development center in Shanghai [4]. - Amendments to the company’s articles of association will be made in accordance with relevant laws, with specific changes disclosed on the Shanghai Stock Exchange website [4][6]. - Several management systems will be revised to align with legal requirements and company practices, pending approval from the shareholders [5][6].