Shang Hai Zheng Quan Bao·2025-09-22 19:32Group 1 - The company held its fourth meeting of the ninth board of directors on September 22, 2025, with all nine directors present, complying with legal and regulatory requirements [2][3]. - The board approved the proposal to abolish the supervisory board and amend the company's articles of association, transferring the supervisory duties to the audit committee [3][4]. - The proposal to amend and establish certain company systems was also approved, which will be submitted for approval at the second extraordinary general meeting of shareholders in 2025 [6][7]. Group 2 - The board proposed a change in the nomination committee's membership to comply with the new corporate governance code effective from July 1, 2025, appointing Ms. Wang Yan as a member [7]. - The board agreed to convene the second extraordinary general meeting of shareholders in 2025, with details to be disclosed on the Shanghai Stock Exchange website [7].