JINGCHENG MAC(SH:600860) Shang Hai Zheng Quan Bao·2025-10-31 05:45Core Viewpoint - The company has revised its articles of association and governance rules, including the cancellation of the supervisory board, which will enhance corporate governance and align with updated legal regulations [2][4]. Summary by Sections Articles of Association - The company has made adjustments to the articles of association, including changes in clause numbering due to the revision of terms and order [1]. Shareholders' Meeting Rules - The term "shareholders' meeting" has been changed to "shareholders' assembly" in the rules, while other content remains unchanged [1]. Board Meeting Rules - Similar to the shareholders' meeting rules, the term "shareholders' meeting" has been updated to "shareholders' assembly" in the board meeting rules, with no other changes [1]. Cancellation of Supervisory Board - The company plans to cancel the supervisory board, transferring its powers to the audit committee of the board, following the latest revisions of the Company Law and relevant regulations [2]. - The current supervisors will be relieved of their duties upon the approval of this cancellation by the shareholders' meeting [2]. Stock Incentive Plan - The company announced the first achievement of the conditions for lifting restrictions on its 2023 restricted stock incentive plan, with 110 eligible participants and a total of 1,774,800 shares, representing approximately 0.32% of the total share capital [5][15]. - The first lifting of restrictions will occur after 24 months from the grant date, which is set for November 14, 2023, and will last until the last trading day within 36 months [11]. - The company has completed the necessary approvals and disclosures for the incentive plan, including the verification by the supervisory board and independent directors [6][10][16].