CECO(SH:603698) Shang Hai Zheng Quan Bao·2025-10-16 21:25Core Viewpoint - The company has decided to abolish the supervisory board and transfer its responsibilities to the audit committee of the board of directors, in accordance with the revised Company Law and relevant regulations [1][2]. Group 1: Abolishment of Supervisory Board - The company will no longer have a supervisory board, with its powers being assumed by the audit committee of the board of directors [1]. - The decision aligns with the new provisions of the Company Law and the Guidelines for Articles of Association of Listed Companies [1][2]. - The rules governing the supervisory board will be abolished as part of this transition [1]. Group 2: Amendments to Articles of Association - The company plans to amend certain provisions of its Articles of Association, which have been approved by the board and will be submitted for shareholder approval [2]. - The management is authorized to handle the registration and filing of the amended Articles of Association [2]. - Until the shareholder meeting approves the amendments, the supervisory board will continue to fulfill its duties as per existing laws and regulations [2]. Group 3: Revision of Governance Systems - The company has revised its governance systems to enhance compliance and protect the rights of shareholders, in line with various legal and regulatory frameworks [2]. - The revised governance documents include rules for shareholder meetings, board meetings, and related party transactions, which have been approved by the board [2]. - Some of these revised rules will require further approval at the upcoming extraordinary shareholder meeting [2].