ST先河重大治理结构调整：取消监事会改设审计委员会 同步修订29项核心制度

Core Viewpoint - Hebei Xianhe Environmental Protection Technology Co., Ltd. (stock code: 300137, stock abbreviation: ST Xianhe) has made significant adjustments to its corporate governance structure by abolishing the supervisory board and transferring its powers to the board's audit committee, marking a shift towards a "board-centric" governance model [1][2]. Summary by Relevant Sections Corporate Charter Key Revisions - The revision of the corporate charter includes the removal of the supervisory board and the transfer of its powers to the audit committee, which will now oversee financial reporting and the performance of directors and executives [2]. - The audit committee will consist of three non-executive directors, including two independent directors, with a professional accountant serving as the convener [2]. - New rights for shareholders include access to accounting books and documents, subject to signing a confidentiality agreement [2]. - The responsibilities of the board have been expanded to include the oversight functions previously held by the supervisory board [2]. Governance System Updates - A total of 29 core governance systems have been revised or established to create a "1+N" governance system, including updates to the rules for shareholder meetings and the introduction of new management systems [3]. - Key areas of revision cover decision-making processes, information disclosure, risk control, and related party transactions [3]. - Six of the revised systems will require approval from the shareholders' meeting, while the others will take effect upon approval by the board [3]. Implications of Governance Structure Adjustment - The governance structure adjustment is a response to the new Company Law requirements, aiming to enhance the efficiency of decision-making and strengthen the functions of the board and its committees [3]. - Market analysis suggests that this transformation may improve decision-making efficiency but will also demand higher independence and professionalism from the audit committee [3].