Core Points - The company is holding its first extraordinary general meeting of shareholders in 2025 to discuss governance structure adjustments and the repeal of the Supervisory Committee's rules [2][4] - The company will no longer have a Supervisory Committee, with its powers transferred to the Audit Committee of the Board of Directors, which is expected to maintain governance and operational efficiency [2][4] - The company is proposing amendments to its Articles of Association in accordance with the revised Company Law and relevant regulations [2][4] Meeting Details - The meeting will take place at the company's conference room located at 308 Binhai Fifth Road, Wenzhou Economic and Technological Development Zone [2] - The meeting will be held during trading hours, specifically from 9:15 to 9:25 and 9:30 to 11:30 [1] - Attendees will include shareholders, representatives, directors, supervisors, senior management, and witnessing lawyers [2] Agenda Items - Proposal 1: Adjustment of the company's governance structure and repeal of the Supervisory Committee's rules [2] - Proposal 2: Revision of the Articles of Association to align with the new Company Law and relevant regulations [2][4] Rights and Responsibilities of Shareholders - Shareholders have the right to speak, inquire, and vote during the meeting, with a requirement to register in advance for speaking [3] - Each shareholder may speak no more than twice, with each speech limited to five minutes [3] - Shareholders must respect the rights of others and maintain order during the meeting [3] Amendments to Articles of Association - The amendments will reflect the removal of the Supervisory Committee and the transfer of its responsibilities to the Audit Committee [4] - Specific changes include the restructuring of chapters related to governance and the introduction of new provisions regarding the legal representative of the company [4][5] Legal Compliance - The company is committed to adhering to the revised Company Law, Securities Law, and other relevant regulations in conducting the meeting and implementing governance changes [2][4]

Group 1 - The company has decided to abolish the supervisory board and amend its articles of association, transferring the supervisory board's powers to the audit committee of the board of directors [1][2] - The proposal to abolish the supervisory board and revise the articles of association requires approval from the shareholders' meeting [2][3] - The company has completed its governance structure adjustment, with the audit committee now assuming the supervisory board's responsibilities, leading to the corresponding abolition of the supervisory meeting rules [2] Group 2 - The company intends to reappoint Zhonghui Certified Public Accountants (Special General Partnership) as its auditing firm for the fiscal year 2025, based on a satisfactory working relationship and adherence to independent auditing standards [2][3] - The proposal for the reappointment of the auditing firm also requires approval from the shareholders' meeting [3]

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2025 on September 12, 2025, at 14:30 [3][40] - The meeting will be conducted both in-person and via the Shanghai Stock Exchange's online voting system [3][5] - Shareholders can vote through the trading system or the internet voting platform on the day of the meeting [6][12] Group 2 - The company has proposed several resolutions for the upcoming shareholders' meeting, including amendments to the Articles of Association and adjustments to the corporate governance structure [23][24] - The board of directors and the supervisory board have approved the proposals, which will be submitted for shareholder approval [21][44] - The company will provide a reminder service for shareholders to participate in the meeting and vote [6][14] Group 3 - The registration for attending the meeting will take place on September 9, 2025, at the company's headquarters [11] - Shareholders must present valid identification and relevant documents to register for the meeting [11][12] - The company will also hold a half-year performance briefing on September 4, 2025, to discuss its operational performance and strategic direction [48][49]

Group 1 - The company has adjusted its governance structure by abolishing the Supervisory Committee and transferring its powers to the Audit Committee of the Board of Directors [2][3] - The decision to abolish the Supervisory Committee is in accordance with the revised Company Law of the People's Republic of China effective from July 1, 2024, and relevant regulations [2][3] - The company assures that the cancellation of the Supervisory Committee will not adversely affect its governance or operational activities [2] Group 2 - The company plans to revise its Articles of Association to reflect the changes in governance structure and the abolition of the Supervisory Committee [3] - The proposed amendments to the Articles of Association will be submitted for approval at the shareholders' meeting [2][3]

Core Points - The company, Shenzhen Kaizhong Precision Technology Co., Ltd., held its eighth meeting of the fifth board of directors on August 13, 2025, where it approved a proposal to amend its Articles of Association and adjust its corporate governance structure [1] - The proposal includes transferring the powers of the supervisory board to the audit committee of the board of directors, leading to the abolition of the "Rules of Procedure for the Supervisory Board" [1] - The amendments will be submitted for shareholder approval, and the final changes will depend on the approval from the relevant administrative authorities [1] Summary by Sections - **Amendment Overview**: The company aims to revise its Articles of Association to better align with the Company Law and Securities Law of the People's Republic of China, ensuring the protection of the rights of the company, shareholders, and creditors [2] - **Changes in Governance**: The role of the legal representative is clarified, stating that the chairman of the board will also serve as the legal representative, and the company will bear civil liability for actions taken by the legal representative [2][3] - **Legal Binding**: The amended Articles will serve as a legally binding document governing the relationships and rights among the company, shareholders, directors, supervisors, and senior management [4] - **Management Definitions**: The definition of senior management is expanded to include the general manager, vice general managers, board secretary, and financial officer [4] - **Party Organization**: The company will establish a Communist Party organization and conduct party activities in accordance with relevant regulations [4] - **Business Scope**: The business scope includes the research, production, and sales of various electrical and automotive components, with the final scope subject to approval by the registration authority [5] - **Share Issuance Principles**: The principles of fairness and equality in share issuance are maintained, ensuring that all shares of the same category have equal rights [6] - **Shareholder Rights**: Shareholders are entitled to dividends and other forms of profit distribution based on their shareholdings, and they have the right to request and participate in shareholder meetings [11][13] - **Share Transfer Regulations**: Regulations regarding the transfer of shares are outlined, including restrictions on transfers within a specified period for certain stakeholders [12][10] - **Shareholder Meeting Procedures**: The procedures for convening shareholder meetings, including the rights of shareholders to propose agenda items, are detailed [25][26]

Core Viewpoint - The company has revised its governance structure by abolishing the supervisory board and establishing employee representative directors, which was approved in the first extraordinary shareholders' meeting of 2025 held on July 18, 2025 [1][3]. Group 1: Governance Changes - The company has canceled the supervisory board and set up employee representative directors as part of its governance structure adjustment [1]. - The board of directors will consist of nine members, including one employee representative director, elected by the employee representative assembly [3]. - The company has appointed Ma Yanjun as the employee representative director, whose term aligns with the second board of directors [3]. Group 2: Resignation of Directors - Non-independent director Zhou Fang has resigned from his position but will continue as the head of the sales management department [2]. - Vice General Manager Guo Yujie has also resigned from his role but will remain a director and Chief Product and User Officer [2]. - Both resignations will not affect the normal operation of the company, and their reports are effective upon delivery to the board [2][3]. Group 3: Compliance and Shareholding - Zhou Fang and Guo Yujie each hold 5,400 shares in the company and will manage their holdings according to relevant regulations [2][3]. - Both individuals have fulfilled their public commitments and will ensure proper work handover [2][3]. Group 4: Background of New Director - Ma Yanjun, the newly elected employee representative director, is a female with a master's degree and has no shares in the company [6]. - She has no connections with the company's actual controllers or other directors and has not faced any penalties from regulatory authorities [6].