ICW(SH:600187) Shang Hai Zheng Quan Bao·2025-10-22 18:28Core Points - The company has decided to cancel the supervisory board and amend its Articles of Association to enhance its governance structure and comply with the new Company Law effective from July 1, 2024 [1][2] - The amendments to the Articles of Association include changing "shareholders' meeting" to "shareholders' assembly" and other adjustments that will require approval at the upcoming extraordinary shareholders' meeting [2][3] - The company is also revising several governance systems to align with the latest legal and regulatory requirements, which will be submitted for approval at the shareholders' meeting [3] Group 1: Cancellation of Supervisory Board - The supervisory board will be replaced by the audit committee of the board of directors, which will assume the powers previously held by the supervisory board [1] - The relevant rules governing the supervisory board will be abolished as part of this restructuring [1] Group 2: Amendments to Articles of Association - The specific amendments to the Articles of Association include the renaming of "shareholders' meeting" to "shareholders' assembly" and other necessary adjustments to the numbering and references within the document [2] - The revised Articles of Association will require a special resolution at the company's second extraordinary shareholders' meeting in 2025 for final approval [2] Group 3: Governance System Revisions - The company plans to revise several governance systems, including the rules for shareholders' meetings, board meetings, independent directors' work, related party transactions, external guarantees, and the management of raised funds [3] - These revised governance systems will also be subject to approval at the upcoming shareholders' meeting before they can take effect [3]