SDR(SZ:000603) Xin Lang Cai Jing·2025-11-28 11:47Core Viewpoint - The company Shengda Metal Resources Co., Ltd. is undergoing a significant adjustment in its governance structure, which includes the cancellation of the supervisory board and the transfer of its powers to the audit committee of the board of directors [2][5]. Governance Structure Adjustment - The core background for the revision of the company's articles of association is to comply with the latest legal requirements, including the Company Law of the People's Republic of China and the revised Guidelines for Articles of Association of Listed Companies [2]. - The supervisory board and supervisors will be eliminated, with their responsibilities assumed by the audit committee of the board of directors [2][5]. - The existing supervisory board members will continue to perform their duties until the new governance structure is officially implemented [2]. Internal Governance System Updates - A total of 42 internal governance systems are being systematically reviewed, involving revisions, formulations, and abolitions [3][5]. - Nine of these updated systems will require submission to the shareholders' meeting for approval, while the remaining revisions can be approved by the board of directors [4][5]. - The updates aim to enhance the simplicity and coordination of the governance system, with several overlapping or redundant systems being merged or abolished [5]. Specific Systems Affected - The revised systems include the "Implementation Rules for Network Voting at Shareholders' Meetings," which has been renamed, and several others related to cumulative voting, independent directors, external guarantees, and more [4]. - The abolished systems include those that have been merged into other existing systems to streamline governance [4][5].