Group 1 - The company has decided to abolish the supervisory board and amend its articles of association and related regulations, with the audit committee of the board of directors assuming the supervisory functions [1][2] - The supervisory board members have not held any shares in the company and have made no unfulfilled commitments [2] - The amendments to the articles of association are in accordance with the revised Company Law and are aimed at better aligning with the company's operational needs [2][3] Group 2 - The first article of the amended articles of association now includes the protection of employees' rights alongside those of the company, shareholders, and creditors [2][3] - The legal representative of the company will now be the director or manager elected by the board, rather than the chairman [3][4] - The company will continue to bear civil liability for actions taken by its legal representative in the course of their duties [4][5] Group 3 - The company’s shares will be issued based on principles of openness, fairness, and justice, ensuring equal rights for all shareholders of the same class [5][6] - The company can provide financial assistance for others to acquire its shares, but the total amount of such assistance cannot exceed 10% of the total issued share capital [6][7] - The company will not allow any form of financial assistance for the acquisition of its shares, except as permitted by law [7][8] Group 4 - The company’s shareholders have the right to request the board to take legal action if the board fails to act on their request within a specified timeframe [8][9] - Shareholders are entitled to various rights, including the right to participate in shareholder meetings and to inspect company documents [10][11] - The company must comply with legal requirements regarding the disclosure of information and the execution of shareholder rights [12][13]

Core Viewpoint - Ningbo Lehui International Engineering Equipment Co., Ltd. has announced the cancellation of its supervisory board and the revision of its articles of association and governance systems to comply with the new Company Law of the People's Republic of China effective from July 1, 2024 [2]. Group 1: Reasons for Changes - The cancellation of the supervisory board is aimed at enhancing the company's operational standardization and is based on the new regulations outlined in the revised Company Law and relevant guidelines [2][4]. - The powers of the supervisory board will be transferred to the audit committee of the board of directors, and corresponding rules will be abolished [2][4]. Group 2: Amendments to Articles of Association - The articles of association will be revised to reflect the cancellation of the supervisory board and the new governance structure [2][4]. - Specific articles related to the roles and responsibilities of the general manager and the legal representative have been updated, including provisions for civil activities conducted in the company's name [4][6]. - The revised articles will ensure that the company, shareholders, directors, and senior management have legally binding rights and obligations [7][12]. Group 3: Governance Structure - The new governance structure emphasizes the board of directors' authority and responsibilities, including the management of company assets and shareholder rights [4][12]. - The articles will now include provisions for the equal rights of shareholders and the procedures for shareholder meetings, ensuring transparency and fairness in decision-making [12][24]. - The company will implement stricter rules regarding the issuance and transfer of shares, ensuring compliance with legal standards [19][20].

Group 1 - The company has decided to abolish the supervisory board, transferring its powers to the audit committee, in accordance with relevant laws and regulations [1][2][3] - The current supervisors will be relieved of their duties upon the approval of the shareholders' meeting to cancel the supervisory board [2] - The company plans to amend its articles of association to reflect the cancellation of the supervisory board and other changes, including a name change to "Chongqing Xinyuan Intelligent Manufacturing Technology Co., Ltd." and an increase in total share capital to 225,624,610 shares [2][3][4] Group 2 - The company has completed its 2024 annual profit distribution plan, which involved a stock increase of 2 shares for every 10 shares held [2] - The revised articles of association will include updates on the company's business scope, which now encompasses agricultural machinery manufacturing, generator manufacturing, and other related activities [3][4] - The company has undertaken a comprehensive review and revision of its governance systems to enhance operational standards and governance structure [3][4][5]

Core Viewpoint - The company has decided to abolish the supervisory board and transfer its responsibilities to the audit and compliance management committee of the board of directors, along with a comprehensive revision of its articles of association [1][2]. Group 1 - The fourth supervisory board's ninth meeting was held on May 9, 2025, with all three supervisors present, confirming the legality and validity of the meeting [1]. - The proposal to amend the articles of association and abolish the supervisory board was approved unanimously with three votes in favor [2]. - The decision to abolish the supervisory board aligns with the latest regulatory requirements and aims to streamline governance [1].