Core Points - The company has proposed to cancel the supervisory board and amend its articles of association, which requires approval from the shareholders' meeting [1][2][3] - The amendments aim to align the company's governance structure with the requirements of the socialist market economy and enhance the protection of the rights and interests of shareholders and creditors [1][2] - The revised articles include provisions for the legal representative of the company and the responsibilities of the board of directors [5][6][7] Summary by Sections Company Articles Revision - The company aims to establish a modern state-owned enterprise system that adheres to socialist market economy principles [1][2] - The articles will now specify that the chairman of the board serves as the legal representative of the company [5][6] - The company will bear civil liability for damages caused by the legal representative while performing their duties [6] Shareholder Rights and Responsibilities - Shareholders are entitled to rights based on their shareholdings, including profit distribution and voting rights [12][15] - The company must provide necessary conditions for shareholders to exercise their rights, including access to company documents [12][14] - Shareholders holding more than 3% of shares can request to review the company's accounting books and financial documents [13][14] Governance Structure - The company will implement a governance structure that emphasizes the leadership role of the Communist Party and ensures compliance with relevant laws and regulations [8][9] - The articles outline the responsibilities of the board of directors and the supervisory board, including the process for convening meetings and making decisions [17][18] - The amendments also address the independence of the board and the separation of powers between the controlling shareholders and the company [22][23]

Core Viewpoint - Fujian Furi Electronics Co., Ltd. has announced the revision of its Articles of Association, which includes the cancellation of the supervisory board, transferring its powers to the audit committee of the board of directors [1]. Summary by Sections Company Structure - The company will no longer have a supervisory board, and the relevant provisions regarding the supervisory board will be deleted from the Articles of Association [1]. - The powers previously held by the supervisory board will now be exercised by the audit committee of the board of directors [1]. Legal Compliance - The revisions are made in accordance with the Company Law, Securities Law, and other relevant regulations [1]. - The company ensures that the announcement does not contain any false records, misleading statements, or significant omissions, and takes legal responsibility for the truthfulness, accuracy, and completeness of the content [1]. Shareholder Rights - The revised Articles of Association will continue to protect the rights and interests of shareholders and creditors, establishing a modern state-owned enterprise system with Chinese characteristics [1]. - Shareholders will retain their rights to request, convene, and participate in shareholder meetings, as well as to supervise the company's operations [6][8]. Governance Changes - The company will implement changes to its governance structure, including the removal of the supervisory board and the establishment of new rules for the audit committee [1]. - The company will ensure that the governance changes comply with the relevant laws and regulations, maintaining transparency and accountability [1]. Meeting Procedures - The company will hold shareholder meetings in accordance with the revised Articles of Association, providing both in-person and online voting options for shareholders [24][25]. - Legal opinions will be sought to ensure compliance with laws and regulations during the meetings [26]. Financial Management - The company will adhere to strict financial management practices, ensuring that funds are not misappropriated by controlling shareholders or related parties [20][21]. - Measures will be implemented to prevent the controlling shareholders from occupying company assets and to ensure the independence of the company's operations [20][21]. Future Commitments - The company commits to maintaining the integrity of its operations and protecting the interests of all shareholders, particularly in light of the changes to its governance structure [1][20]. - The company will actively cooperate with regulatory bodies to ensure compliance with all relevant laws and regulations [1].