JiHuaGroup(SH:603980) Shang Hai Zheng Quan Bao·2025-10-28 22:49Core Viewpoint - The company, Zhejiang Jihua Group Co., Ltd., has announced its third-quarter financial report for 2025, along with significant corporate governance changes, including the cancellation of the supervisory board and amendments to the company’s articles of association [23][54]. Financial Data - The third-quarter financial report for 2025 has been approved by the board of directors, with all members voting in favor [25][38]. - The report indicates that the financial data has not been audited [3][7]. Corporate Governance Changes - The company plans to cancel the supervisory board and allow the audit committee of the board of directors to assume its responsibilities, which is aimed at improving operational standards [26][54]. - Amendments to the company’s articles of association have been proposed and will be submitted for approval at the upcoming shareholder meeting [26][27][28]. Shareholder Meeting - The second extraordinary general meeting of shareholders for 2025 is scheduled for November 13, 2025, at 9:30 AM [9][10]. - Voting will be conducted both in-person and online, with specific time slots allocated for each method [10][12]. Legal Matters - The company has initiated a lawsuit against Lujiazui International Trust Co., Ltd. for a total amount of 61,574,246.58 yuan, which includes principal, investment returns, and legal fees [43][44]. - The lawsuit is based on the failure to receive the principal and part of the investment returns from a trust product purchased in 2021 [44][45].