SANY(SH:600031) Shang Hai Zheng Quan Bao·2025-12-05 18:54Core Viewpoint - Sany Heavy Industry Co., Ltd. has decided to abolish its supervisory board and amend its articles of association to enhance corporate governance in compliance with the latest legal requirements [1][39]. Group 1: Abolishment of Supervisory Board - The company will no longer have a supervisory board, and its functions will be transferred to the audit committee of the board of directors [1][39]. - The supervisory board and its rules will be abolished to align with the latest laws and regulations [1][39]. Group 2: Amendments to Governance Rules - The company has approved amendments to the shareholder meeting rules and board meeting rules [3][4]. - The amendments are part of the broader effort to improve governance and comply with legal standards [1][39]. Group 3: Financial Operations - The company plans to engage in futures hedging business through its subsidiaries [7]. - For 2026, the company anticipates a total of up to 40 billion yuan in new mortgage loans and financing leases, with a buyback obligation for these amounts [8]. - The company will provide guarantees for its subsidiaries, with specific limits set for various financial activities [10][14]. Group 4: Related Transactions - The company has approved expected daily related transactions for 2026, which are deemed necessary for its operations [15][34]. - The company will conduct deposit business with affiliated banks, ensuring fair pricing and compliance with regulations [11][31]. Group 5: Upcoming Meetings - The company will hold its fifth extraordinary shareholders' meeting on December 30, 2025, to review the approved proposals [23][24].