Core Viewpoint - Aimeike Technology Development Co., Ltd. announced an organizational restructuring aimed at enhancing governance efficiency and operational effectiveness, pending shareholder approval [1][2]. Group 1: Organizational Changes - The company will eliminate the supervisory board and its functions will be transferred to the audit committee of the board of directors, simplifying governance layers and improving internal supervision [1]. - The term "shareholders' meeting" will be standardized to "shareholders' assembly" to clarify institutional positioning and align with legal requirements [2]. Group 2: Strategic Goals - The restructuring is aligned with the company's strategic development goals and operational needs, aiming to enhance management levels and operational efficiency while providing a solid organizational foundation for sustainable development [2].

Core Viewpoint - Major banks in China have decided to abolish their supervisory boards, transferring their functions to the audit committee of the board of directors, which is seen as a move to optimize corporate governance and reduce costs [7][8][9] Group 1: Decision and Implementation - The five major banks have announced that they will no longer establish supervisory boards, a decision approved at the 2024 annual general meeting held on June 27, 2025, and recently sanctioned by the National Financial Regulatory Administration [7] - Postal Savings Bank has also proposed to abolish its supervisory board and related committees, with the audit committee of the board taking over these responsibilities, pending shareholder approval [8] Group 2: Rationale and Expert Opinions - Industry experts suggest that the functions of supervisory boards overlap with those of the audit committee, particularly the independent directors, making the abolition a strategic choice to enhance governance flexibility and efficiency [8] - The decision to eliminate supervisory boards is viewed as a way to maintain effective corporate governance while lowering governance costs, according to a leading expert from the Shanghai Financial and Development Laboratory [8] Group 3: Regulatory Framework - The revised Company Law allows companies to establish audit committees within the board of directors to perform the functions of supervisory boards, a change that has been recognized by the National Financial Regulatory Administration [9] - Besides the six major banks, several other national joint-stock banks and local commercial banks have also announced the abolition of their supervisory boards [9]

Core Viewpoint - The six major banks in China have decided to abolish their supervisory boards, opting for their audit committees to assume the supervisory functions, which is seen as a move to enhance corporate governance efficiency and reduce governance costs [1][2]. Group 1: Announcement Details - On September 25, the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications announced they would no longer establish supervisory boards [1]. - These banks indicated that the decision was approved at the 2024 annual shareholders' meeting held on June 27, 2025, and they have received approval from the National Financial Regulatory Administration for the amendments to their articles of association [1]. - The current supervisors will no longer hold their positions, and the audit committee of the board will take over the responsibilities previously held by the supervisory board [1]. Group 2: Industry Implications - Experts suggest that the functions of the supervisory board overlap with those of the board of directors, particularly the audit committee, which can lead to reduced governance costs and increased flexibility in corporate governance [2]. - The recent revision of the Company Law allows companies to establish audit committees composed of directors to exercise the powers of the supervisory board, which supports the decision to eliminate supervisory boards [2]. - Other banks, including several nationwide joint-stock banks and local commercial banks, have also announced plans to abolish their supervisory boards, indicating a broader trend in the banking industry [2].

Meeting Overview - The sixth board meeting of Rongke Technology Co., Ltd. was held on August 11, 2025, via email notification to all directors [2]. Financial Reporting - The board approved the 2025 semi-annual report and its summary, which was prepared in accordance with relevant regulations and reflects the company's operational status for the first half of 2025. The report was not audited by an accounting firm. The voting result was 7 votes in favor, 0 against, and 0 abstentions, representing 100% approval [2]. Governance Enhancements - The board reviewed and approved the work rules for the Audit Committee, Compensation and Assessment Committee, Nomination Committee, and Strategic Committee, all aimed at optimizing the governance structure and enhancing the supervisory effectiveness of independent directors and professional committees. Each of these proposals received unanimous approval with 7 votes in favor, 0 against, and 0 abstentions [3][4][5]. Asset Management - The board revised the asset impairment provision and write-off system to strengthen asset management and mitigate risks associated with asset losses. This revision was based on the relevant accounting standards and the company's actual situation, receiving unanimous approval [5]. Financial Adjustments - The company conducted a comprehensive review and impairment testing of its assets as of June 30, 2025, and decided to recognize impairment provisions and write-offs based on prudence. This proposal also received unanimous approval [5]. Loss Compensation - The company plans to use its surplus reserves and capital reserves to cover accumulated losses, amounting to a total of 555,891,465.41 yuan. This decision was based on the audit report and relevant regulations, and it received unanimous approval [6]. Upcoming Meetings - The company intends to convene the second extraordinary general meeting of shareholders on September 15, 2025, with the notice published on the designated information disclosure website [6].