Core Points - The company GreenMei Co., Ltd. has proposed amendments to its Articles of Association and related rules, which will be submitted for approval at the upcoming extraordinary shareholders' meeting [1][2] - The amendments include the dissolution of the supervisory board, with its functions being transferred to the audit committee of the board of directors [1][2] - The company has completed the repurchase and cancellation of 1.9925 million restricted shares, reducing its total shares from 5,126,291,557 to 5,124,299,057 [2] Summary by Sections Company Governance - The company aims to enhance its governance structure by eliminating the supervisory board and transferring its responsibilities to the audit committee [1][2] - The current supervisory board will continue to fulfill its duties until the new structure is implemented [1] Share Capital Changes - The company has successfully completed the repurchase and cancellation of 1.9925 million restricted shares, leading to a decrease in registered capital from RMB 5,126,291,557 to RMB 5,124,299,057 [2] - The total number of shares has been adjusted accordingly, reflecting the company's ongoing efforts to manage its equity structure [2] Articles of Association Amendments - The proposed amendments to the Articles of Association include various provisions aimed at aligning with the new Company Law and regulatory requirements [2][3] - Specific changes include the legal representation of the company and the responsibilities of the board of directors and shareholders [3][4]

Group 1 - The company held a supervisory board meeting where it approved the proposal to amend the company's articles of association and related rules, transitioning from a supervisory board to an audit committee under the board of directors [1][2] - The supervisory board also approved the issuance of H-shares and listing on the Hong Kong Stock Exchange to enhance the company's global strategy and brand image [3][4] Group 2 - The proposed H-share issuance will not exceed 15% of the total share capital post-issuance, with an option for an overallotment of up to 15% [6] - The funds raised from the H-share issuance will be used for capacity construction in key metal resources, overseas R&D, global marketing center establishment, and working capital [9] Group 3 - The company plans to purchase directors and officers liability insurance to mitigate management and legal risks associated with the H-share issuance [10][11] - The company has appointed a specific auditing firm for the H-share issuance, which will provide necessary reports and opinions for the listing process [12]

Meeting Details - The second extraordinary general meeting of shareholders for 2025 will be held on August 25, 2025, at 2:30 PM [1] - The meeting will take place at the company's conference room located at 35 Chang Le Middle Road, Xincheng District, Xi'an, Shaanxi Province [1] - The voting will be conducted both on-site and through the Shanghai Stock Exchange's online voting system [1] Agenda - The meeting will start with the host announcing the commencement and introducing the attendees [1] - The agenda includes reading and reviewing the proposals, particularly the proposal to cancel the supervisory board, change registered capital and business scope, and amend the company's articles of association [1][4] - Shareholders will have the opportunity to speak, ask questions, and vote on the proposals [1] Proposal Highlights - The proposal includes the cancellation of the supervisory board, transferring its powers to the audit committee of the board of directors [4] - The company plans to change its total capital and registered capital, with 73,966,642 new shares registered with the China Securities Depository and Clearing Corporation [4] - The business scope will be revised to align with the company's development needs and regulatory requirements, including changes in manufacturing and service areas [5] Business Scope Changes - The previous business scope included military optoelectronic equipment and related products, which will be updated to include a broader range of manufacturing and technical services [5][7] - New areas of focus will include specialized equipment manufacturing, optical instruments, virtual reality devices, and industrial robots [5][7] - The company will also engage in technology development, consulting, and various manufacturing activities related to optical and electronic materials [5][7] Legal and Regulatory Compliance - The meeting will be legally witnessed by lawyers from Shanxi Languang Law Firm, ensuring compliance with relevant laws and regulations [2] - The company has made amendments to its articles of association and related rules to comply with the latest legal requirements and improve governance [4][7]

Group 1 - The company plans to sell part of its assets located in Wuhu City, Anhui Province, with a starting price of 94.5 million yuan (including VAT) [1] - The asset valuation is based on an assessment conducted by Beijing Huaya Zhengxin Asset Appraisal Co., Ltd. as of April 30, 2025 [1] - The board of directors has proposed to authorize the management to handle the sale procedures, including public listing and signing relevant agreements [2] Group 2 - The company intends to amend its articles of association to enhance governance mechanisms, which will eliminate the supervisory board and transfer its powers to the audit committee of the board [2][3] - The proposed amendments to the articles of association and related rules will be submitted for approval at the upcoming shareholders' meeting [2][3] - The second extraordinary general meeting of shareholders is scheduled for August 25, 2025, to discuss these proposals [3]