锦州永杉锂业股份有限公司

Core Viewpoint - The company has proposed several amendments to its governance structure and operational strategies, including the cancellation of the supervisory board and adjustments to its futures hedging business to mitigate risks associated with price fluctuations in lithium carbonate and raw materials [7][10][16]. Group 1: Amendments to Governance Structure - The company plans to cancel the supervisory board, transferring its responsibilities to the audit committee of the board of directors, which requires approval from the shareholders' meeting [7][8]. - The company has revised its articles of association to enhance governance and management practices, including the removal of the supervisory board section [10][11]. - The revised articles and management rules will be submitted for approval at the upcoming shareholders' meeting [3][11]. Group 2: Financial Reporting and Shareholder Meeting - The company approved its 2025 semi-annual report and summary during the board meeting, with all directors voting in favor [5][6]. - A second extraordinary shareholders' meeting is scheduled for September 10, 2025, to discuss the proposed governance changes and other matters [19][41]. Group 3: Futures Hedging Business Adjustments - The company intends to increase the margin for its futures hedging business to enhance its risk management capabilities, with a total margin not exceeding RMB 200 million and a maximum contract value of RMB 1 billion on any trading day [16][31]. - The adjustments aim to stabilize the company's operations against price volatility in lithium carbonate and its raw materials [31][32]. - The proposed changes to the futures hedging strategy will also be presented at the shareholders' meeting for approval [34][39].