MFSP(SH:600235) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-01 05:10Group 1 - The company plans to cancel its supervisory board and amend its articles of association in accordance with the new Company Law effective from July 1, 2024, and related regulations [1][2][32] - The supervisory board's responsibilities will be transferred to the audit committee of the board of directors, and relevant rules will be abolished [1][2][32] - The proposed changes require approval at the company's first extraordinary general meeting in 2025 [2][33] Group 2 - The company intends to publicly sell unused equipment from its South Lake plant through Jiaxing Property Rights Exchange, with a starting price of no less than RMB 174,651,109 [7][11][20] - The transaction does not constitute a related party transaction or a major asset restructuring [8][12] - The board of directors has approved the proposal, which will also be submitted for shareholder approval [14][41] Group 3 - The assets for sale include various paper machines and other equipment, all of which are currently non-operational [16][17] - The assessed value of the assets is RMB 174,651,109, reflecting an increase of RMB 38,893,635.87 or 28.65% from the book value [20][21] - The company aims to enhance asset efficiency and liquidity through this sale [11][21][61] Group 4 - The company has signed a compensation framework agreement for land acquisition with the Jiaxing municipal government, with total compensation amounting to RMB 107,962.68 million [39][40] - The agreement includes provisions for soil pollution investigation and remediation, which may affect the timeline and costs of the project [53][61] - The compensation will be paid in stages, with initial payments to be made within 45 days of signing the agreement [54][55]