Core Viewpoint - The company, Baotailong New Materials Co., Ltd., has announced the cancellation of its supervisory board and the revision of its articles of association and governance systems to enhance its corporate governance structure and operational compliance [1][2]. Group 1: Cancellation of Supervisory Board - The company will no longer establish a supervisory board, and the powers previously held by the supervisory board will be transferred to the audit committee of the board of directors [2][4]. - Relevant internal regulations related to the supervisory board will be abolished [2]. Group 2: Revision of Articles of Association - The articles of association will be revised to better protect the rights of the company, shareholders, employees, and creditors [2][4]. - New provisions will clarify the responsibilities of the legal representative of the company and the consequences of their actions [5][6]. Group 3: Shareholder Rights and Responsibilities - Shareholders will have the right to sue the company, its directors, and senior management under the revised articles of association [6][7]. - The company will not provide financial assistance for the acquisition of its shares, except under specific conditions approved by the board [7][8]. Group 4: Capital Increase and Share Repurchase - The company can increase its capital through various methods, including private placements and stock dividends, as approved by the shareholders [8][9]. - The company is allowed to repurchase its shares under certain conditions, which require shareholder approval [10][11]. Group 5: Governance and Compliance - The company emphasizes the importance of compliance with laws and regulations in its operations and governance practices [12][13]. - The revised articles will enhance the accountability of directors and senior management, ensuring they act in the best interests of the company and its shareholders [14][15].
宝泰隆: 宝泰隆新材料股份有限公司关于取消监事会并修订《公司章程》的公告