Shang Hai Zheng Quan Bao·2025-12-18 19:14Core Points - The company has decided to abolish the supervisory board, effective December 16, 2025, with the audit committee of the board taking over its responsibilities [2][3] - The amendments to the company's articles of association and related governance rules have been approved by the National Financial Regulatory Administration [2][3] - The supervisory board members have confirmed no disagreements with the company and there are no ongoing or impending litigations [2] Group 1 - The company held its second extraordinary general meeting and third A and H shareholders' meetings on August 26, 2025, where the proposal to abolish the supervisory board was approved [1][3] - The supervisory board's governance rules and related management measures will be abolished alongside the supervisory board [2] - The company expressed gratitude for the contributions made by the supervisory board members during their tenure [2] Group 2 - The revised articles of association and the rules for shareholder and board meetings will come into effect on December 16, 2025 [3] - The full text of the revised articles of association is available on the Shanghai Stock Exchange and the company's website [4]