Shang Hai Zheng Quan Bao·2025-10-31 04:58Core Viewpoint - The company, Chongqing Steel, is revising its articles of association and eliminating the supervisory board to enhance governance and compliance with new regulations [9][10]. Financial Data - The third-quarter financial statements are not audited, and the report covers the period from the beginning to the end of the quarter [3][4]. - The company has not reported any significant non-recurring gains or losses during this period [4]. Shareholder Information - The company is revising its articles to reflect changes in shareholder classifications, as A-shares and H-shares will no longer be treated as different categories [10][16]. - The total number of shareholders and the status of major shareholders are being updated in the revised articles [5]. Governance Changes - The supervisory board is being abolished, with its functions being transferred to the audit and risk committee [10][17]. - The articles will be amended to improve the governance structure, including the roles and responsibilities of the board and its committees [18]. Regulatory Compliance - The revisions are in response to new laws and regulations, including the updated Company Law and guidelines from the China Securities Regulatory Commission [10][22]. - The company aims to align its governance practices with the latest regulatory requirements to enhance operational efficiency [10][19]. Other Amendments - The articles will include provisions for electronic voting and adjustments to shareholder meeting procedures to comply with modern practices [14][22]. - The company will also revise internal audit management practices to ensure accountability and effectiveness [21].