CFT(SH:603685) Zheng Quan Zhi Xing·2025-08-27 10:21Group 1 - The board of directors of Zhejiang Chenfeng Technology Co., Ltd. held its fifth temporary meeting in 2025, with all nine directors present, and the meeting was conducted in accordance with relevant laws and regulations [1][2]. - The board approved the proposal to cancel the supervisory board and amend certain provisions in the company's articles of association, with the supervisory board's powers to be transferred to the audit committee of the board [3][4]. - The proposal to cancel the supervisory board and amend the articles of association will be submitted to the shareholders' meeting for approval [4][5]. Group 2 - The board also approved the establishment of several new management systems, including the Independent Director Special Meeting System, Market Value Management System, and Public Opinion Management System, all aimed at enhancing corporate governance and protecting investor interests [6][7]. - The board approved the establishment of a system for managing the shareholding changes of directors and senior management, as well as a system for managing the resignation of directors and senior management [8][9]. - All proposals received unanimous support from the board, with no votes against or abstentions [2][5].