Core Viewpoint - The termination of the joint action agreement between the actual controllers of Shenzhen Zhengxian Electric Co., Ltd. marks a significant change in the company's governance structure, allowing for independent decision-making by shareholders while maintaining stability in control and governance [1][8]. Summary by Sections 1. Joint Action Agreement Signing and Termination - The original joint action agreement was signed on December 28, 2011, by Mr. Tu Conghuan and Mr. Zhang Xiaoguang to ensure effective control and stable operations of the company [1]. - The agreement was terminated on June 27, 2025, allowing shareholders to exercise their rights independently without the need for consensus on decisions requiring board or shareholder approval [2]. 2. Reasons and Compliance for Termination - The termination was agreed upon to optimize the company's governance structure and improve decision-making efficiency, with both parties confirming no disagreements on core strategic matters [2][4]. 3. Change in Actual Controller - Following the termination, the actual controller of the company changed from both Mr. Tu Conghuan and Mr. Zhang Xiaoguang to Mr. Tu Conghuan alone, who maintains significant influence over company decisions [4][8]. 4. Impact of Termination on Company Control Structure - The governance structure remains stable, with Mr. Zhang Xiaoguang continuing as a board member, ensuring no adverse effects on the company's management continuity [5][8]. 5. Commitments from Shareholders - Both Mr. Tu Conghuan and Mr. Zhang Xiaoguang have made commitments to adhere to share reduction regulations and maintain transparency in their shareholding activities post-termination [6][8]. 6. Shareholding and Voting Rights Before and After - Before the change, Mr. Tu Conghuan and Mr. Zhang Xiaoguang collectively held 53.18% of voting rights, which changed to 33.79% for Mr. Tu and 19.39% for Mr. Zhang after the termination [7]. 7. Overall Impact on Company Governance - The termination of the joint action agreement is expected to enhance the decision-making process by allowing shareholders to act based on their professional judgment, contributing to a more market-oriented governance structure [6][8].

Group 1 - Guosheng Securities is seeking to appoint a new general manager through a market-oriented selection process, indicating a strategic move towards establishing New Guosheng Securities after the absorption of its wholly-owned subsidiary [1][2] - The selection criteria for the new general manager include prior experience in provincial-level securities firms or equivalent, with a minimum of two years in a senior management role, and candidates must be 55 years old or younger as of May 31, 2025 [1] - The current acting president, Tang Wenfeng, meets the age requirement and has been fulfilling the role since the resignation of the previous president due to age reasons [1] Group 2 - The update of the D-class list by the China Securities Association has increased the number of suspended representatives to 17, reflecting stricter regulatory oversight on IPO project quality [3][4] - The inclusion of two representatives from Guojin Securities in the suspended list raises concerns about the risk management capabilities of the involved firms, prompting investors to reassess project quality [3] - The tightening of regulations may lead to a competitive shakeout in the brokerage industry, encouraging a more rational flow of capital in the stock market [3] Group 3 - Recent changes in fund managers, particularly those managing underperforming products, highlight the industry's talent mobility and growing concerns over fund performance [4] - The departure of several well-known fund managers from poor-performing funds may impact investor confidence in those funds, necessitating close monitoring of future performance [4] - This trend could drive a competitive environment within the fund industry, promoting a selection process that favors higher-performing funds [4] Group 4 - Guotai Junan has repurchased 4.66 million shares for a total amount of 86.58 million yuan, reflecting the company's confidence in its own value [5][6] - The total funds spent on share repurchases since early June amount to approximately 557 million yuan, excluding transaction costs [5] - This action may influence investor expectations regarding the company's future development and could lead to stock price fluctuations, potentially serving as a positive signal for the brokerage sector [5][6]

Group 1 - Zhangyu A announced the election of Zhou Hongjiang as the chairman of the board, indicating strategic continuity and enhancing investor confidence in the company's future development [1] - The management team remains stable with the reappointment of Sun Jian as general manager and the appointment of several vice general managers and assistants, which is expected to support stock price stability [1] - A stable and experienced management team in the wine industry can improve the overall industry image and attract more attention [1] Group 2 - Yanghe Co. established a new trading company, which may strengthen its channel layout in regional markets and increase attention on the liquor industry [2] - The new company is fully owned by Yanghe's subsidiary, indicating a strategic move to enhance market presence [2] Group 3 - Yingjia Gongjiu and Laobai Ganjiu announced their 2024 annual dividend distribution, with Yingjia Gongjiu distributing a total cash dividend of 1.2 billion yuan and Laobai Ganjiu distributing 503 million yuan [3] - The dividend announcements are likely to boost investor confidence and provide support for the stock prices of both companies [3] - The focus on dividend distribution by liquor companies may attract stable funds and alter market capital allocation [3] Group 4 - Yiatong announced a change in general manager, with Chen Weimin taking over from Zhou Guohui, marking the first change in this position since the company's establishment as a joint-stock company in 2004 [4] - Chen Weimin's extensive background in supply chain and finance is expected to bring new ideas and optimize corporate governance [4] - The leadership change may enhance market expectations for the company's future development [4]

Core Viewpoint - The securities industry is undergoing a systematic restructuring of its corporate governance, with several brokerages announcing the cancellation of their supervisory boards to enhance governance efficiency and structure [1][3]. Group 1: Changes in Corporate Governance - Brokerages such as Guotai Junan and Zhongyuan Securities are eliminating their supervisory boards and establishing audit committees composed of directors to take over the responsibilities previously held by the supervisory boards [1][3]. - The revised Company Law of the People's Republic of China allows joint-stock companies to set up audit committees within the board of directors, exercising the powers of the supervisory board without needing to establish one [2][3]. Group 2: Implementation and Transition - Multiple brokerages have announced plans to cancel their supervisory boards, with Zhongyuan Securities and Hualin Securities already taking steps to do so, indicating a trend among firms to streamline management processes [3]. - The China Securities Regulatory Commission has provided transitional arrangements to ensure that financial institutions implement these changes smoothly by January 1, 2026 [2]. Group 3: Optimization of Governance Structure - The decision to cancel supervisory boards is aimed at optimizing corporate governance structures, reducing overlapping supervisory functions, and enhancing decision-making flexibility [4]. - The audit committees are expected to have a higher level of professionalism compared to traditional supervisory boards, as their members are required to have financial and auditing backgrounds [4]. Group 4: Strengthening Governance Post-Cancellation - Following the cancellation of supervisory boards, brokerages need to enhance their governance in several areas, including establishing a multi-dimensional supervisory mechanism and improving internal audit processes [4]. - It is crucial for brokerages to strengthen the role of independent directors, improve communication with investors, and ensure transparency in information disclosure [4].

Core Viewpoint - Shanxi Kexin Development Co., Ltd. plans to cancel its supervisory board, expand its business scope, and amend its articles of association to enhance corporate governance and operational standards [1][2]. Group 1: Cancellation of Supervisory Board - The company intends to abolish the supervisory board, transferring its powers to the audit committee of the board of directors, in accordance with relevant laws and regulations [1][2]. Group 2: Expansion of Business Scope - The company will expand its business scope to include activities such as investment with its own funds, software development, digital content production services, and management of non-residential real estate [2][4]. - The adjusted business scope will also cover advertising design and agency, cultural and artistic exchange activities, and food sales (limited to pre-packaged food) [2][4]. Group 3: Amendments to Articles of Association - The articles of association will be revised to reflect the cancellation of the supervisory board and the new business scope, ensuring compliance with the Company Law and Securities Law [3][6]. - Key amendments include the definition of the company's legal representative and the responsibilities of shareholders, directors, and senior management [3][6].

Core Viewpoint - The governance structure of companies is undergoing a transformation, with a notable trend of A-share listed companies opting to abolish the supervisory board, reflecting a shift towards more flexible governance models [1][2][3]. Group 1: Reasons for Abolishing the Supervisory Board - The new Company Law, effective from July 1, 2024, no longer mandates the establishment of a supervisory board, allowing companies to decide based on their actual governance needs [2]. - The change from a mandatory to an optional supervisory board signifies a diversification and flexibility in corporate governance models, enabling companies to tailor their governance structures to their specific scale, business characteristics, and strategic goals [2][6]. - Nearly 300 companies in the A-share market have announced plans to cancel their supervisory boards this year, with many already having received shareholder approval for such changes [3]. Group 2: Implications of the Change - The abolition of the supervisory board does not imply a weakening of supervisory functions; instead, these functions will be assumed by the audit committee established within the board of directors [4][5]. - The audit committee, typically composed of independent directors with financial or legal backgrounds, is expected to enhance the professionalism and effectiveness of oversight compared to the previous supervisory board structure [5]. - This transition reflects an increase in the flexibility and adaptability of corporate governance structures, allowing companies to optimize their management frameworks according to their development stages and industry characteristics [6].

关于变更注册资本、调整董事会人数、取消 监事会暨修订《公司章程》的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 深圳市三旺通信股份有限公司（以下简称"公司"）于2025年5月29日召开第三届董事会第三次会议、第 三届监事会第三次会议，审议通过了《关于变更注册资本、调整董事会人数、取消监事会暨修订〈公司 章程〉的议案》，现将具体情况公告如下： 一、公司注册资本变更情况 证券代码：688618 证券简称：三旺通信 公告编号：2025-029 深圳市三旺通信股份有限公司 此外，公司于2024年11月19日召开2024年第一次临时股东大会，审议通过了《关于调整公司2022年限制 性股票激励计划回购价格并回购注销部分限制性股票的议案》，同意回购注销公司2022年限制性股票激 励计划部分已获授尚未解除限售的第一类限制性股票32,929股。截至目前，由于尚未完成相关回购注销 手续的办理，公司需回购注销上述不得解除限售的限制性股票32,929股。 综上，公司后续将向中国证券登记结算有限责任公司上海分公司申请办理合计179,251股 ...

证券代码：000506 证券简称：*ST 中润 公告编号：2025-059 中润资源投资股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、董事会会议召开情况 月 26 日以电子邮件和电话方式向全体董事发出召开第十届董事会第三十一次会 议的通知。 出席本次会议，亦未委托其他董事出席本次会议。 件和公司章程的规定。 二、董事会会议审议情况 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共 和国证券法》和《上市公司章程指引》等法律、法规、规范性文件的规定，结 合公司实际情况，为进一步优化公司治理结构，提高规范运作水平，同意修订 《中润资源投资股份有限公司章程》（以下简称《公司章程》）。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 该议案需提交股东会审议通过。 详细情况请见公司于同日在指定信息披露媒体及巨潮资讯网 （http://www.cninfo.com.cn）披露的《关于修订 <公司章程> 的公告》（公告 编号：2025-060）。 补充协议>的议案》 根据业务发展需要，同意公司与山东招金集团财务有限公司（以下简称 "招 ...

华夏时报（www.chinatimes.net.cn）记者 刘佳 北京报道 为贯彻落实新修订的《中华人民共和国公司法》（下称：公司法），做好有关监管制度与公司法的衔接，国家金 融监督管理总局（下称：金融监管总局）近日发布《关于修改部分规章的决定》（下称《决定》）。 《决定》修改了《信托公司管理办法》《信托公司股权管理暂行办法》中监事会设置有关规定，明确董事会中设 置由董事组成的审计委员会行使监事会职权的，可不再设置监事会。 金融监管总局相关司局负责人表示，《决定》对监事会设置要求的主要修订与公司法保持一致，机构可以结合自 身实际，选择继续保留监事会履行职责或者由审计委员会履行监事会职责，有利于优化公司治理结构，提升内部 监督的效率。 在用益信托研究员喻智看来，信托公司监事会不是被取消，而是可以由审计委员会行使职权。主要是和公司法的 规定保持一致，使信托行业的监管与公司法的衔接更加顺畅、提升内部监督的效率。 监事会设置调整 在金融机构中，不再设置监事会的规划源于公司法的修改，这也意味着信托公司治理结构将迎来实质性进展。 新修订的公司法于2024年7月1日正式实施。公司法在监事会设置以及董事、监事、高级管理人员的 ...

Board Resignation - The board of directors of Shaanxi Light Optical Materials Co., Ltd. received resignation letters from five directors, including Xue Zhen, Dong Zhenhua, Fan Qihui, Ma Ruopeng, and independent director Li Xianggao, to optimize the corporate governance structure [1][2] - The company will reduce the number of board members by four, including at least two directors who also serve as senior management, in compliance with the Company Law and the company's articles of association [2][3] Impact of Resignation - The resignations will not lead to a decrease in the board's membership below the legal minimum, nor will it affect the proportion of independent directors or the presence of accounting professionals on the board [4] - The resignations are effective immediately upon delivery to the board, except for Li Xianggao, whose resignation will take effect after the election of a new member to the nomination committee [3][4] Election of Employee Director - The company has elected Zhao Xiaohui as the employee director, whose term will last until the end of the current board's term [5] - Zhao Xiaohui has a background in chemical engineering and has held various positions in procurement and management within the company and other organizations [5][6]