Zheng Quan Zhi Xing·2025-09-04 08:16Group 1 - The company plans to cancel its supervisory board and transfer its powers to the audit committee of the board of directors, pending approval from the shareholders' meeting [2] - This change is considered a normal personnel adjustment and is not expected to have a significant adverse impact on the company's daily management, operations, or debt repayment capacity [2] - The trustee manager, CITIC Securities, will closely monitor the company's ability to repay the principal and interest of the existing bonds and other significant matters affecting bondholders [3] Group 2 - The report is based on the company's announcement regarding the cancellation of the supervisory board and the revision of its articles of association [2] - The trustee manager has communicated with the issuer to ensure the protection of bond investors' interests following the announcement [2] - The report emphasizes the importance of independent judgment by investors regarding the related matters [3]