MOONS’(SH:603728) Zheng Quan Zhi Xing·2025-08-29 11:44Core Viewpoint - Shanghai Mingzhi Electric Co., Ltd. has held its sixth meeting of the fifth board of directors, where several important resolutions were passed regarding the company's governance and operational structure [1]. Group 1: Financial Reporting - The board approved the 2025 semi-annual report, affirming that it accurately reflects the company's operational and financial status without any false statements or omissions [1]. Group 2: Governance Changes - The board agreed to abolish the supervisory board, transferring its responsibilities to the audit committee of the board, and corresponding amendments to the company's articles of association were approved [2]. - The board passed resolutions to revise the rules for shareholder meetings, board meetings, and specialized committee meetings, which will also be submitted for shareholder approval [3][4][5]. Group 3: Management and Internal Controls - Multiple internal management systems were revised, including the independent director work system, president work guidelines, and information disclosure management system [4][5][6]. - The company also approved revisions to the major investment and transaction decision-making system, external guarantee management system, and related party transaction decision-making system [6][7][8]. Group 4: Upcoming Events - The company plans to hold its second extraordinary general meeting of 2025 on September 26, 2025, combining on-site and online voting [10].