CFT(SH:603685) Shang Hai Zheng Quan Bao·2025-08-28 06:47Core Viewpoint - The company, Zhejiang Chenfeng Technology Co., Ltd., has announced the cancellation of its supervisory board and the revision of its articles of association, along with the establishment of several new management systems [3][4][6]. Group 1: Company Overview - The company is identified by the stock code 603685 and the bond code 113628, with the bond referred to as Chenfeng Convertible Bond [3]. - The company has confirmed that the content of the announcement is accurate and complete, and it assumes legal responsibility for any misrepresentation [3]. Group 2: Important Changes - The company held a board meeting on August 27, 2025, where it approved the cancellation of the supervisory board, transferring its powers to the audit committee of the board [3][4]. - The supervisory board's responsibilities will be assumed by the audit committee, and the positions of certain supervisors have been terminated [3][4]. - The company plans to revise its articles of association to reflect these changes, including the removal of references to the supervisory board and supervisors [4]. Group 3: New Management Systems - The company has proposed the establishment of several new management systems, including those for independent director meetings, market value management, public opinion management, and management of shareholding changes by directors and senior management [3][5]. - These new systems are subject to approval by the shareholders' meeting, and the revised governance documents will be disclosed on the Shanghai Stock Exchange website [6].