Core Points - TCL Intelligent Home held its sixth board meeting on October 29, 2025, where several important resolutions were passed, including the approval of the Q3 2025 report and amendments to the company’s articles of association [1][3][4] - The company decided to abolish the supervisory board, transferring its responsibilities to the board's audit committee, marking a shift towards a "board-centric" governance structure [4][7] - A total of 37 internal management systems were systematically revised to enhance compliance, covering governance structure, information disclosure, and risk control [5] Meeting Overview - The meeting was conducted both in-person and via communication methods, with all seven directors present, and was chaired by Chairman Peng Pan [2] - All resolutions were passed unanimously, adhering to the requirements of the Company Law and the company’s articles of association [2] Governance Restructuring - The amendments to the articles of association include the elimination of the supervisory board and the renaming of the "Shareholders' Meeting Rules" to "Shareholders' Meeting Rules" [4] - The revised articles will take effect upon approval at the upcoming shareholders' meeting, indicating a significant governance transformation [4] Systematic Revisions - The revisions to the 37 internal systems include updates to the independent director system, cumulative voting implementation details, and the establishment of a new "Information Disclosure Delay and Exemption Management System" to align with regulatory requirements [5] - The renaming of the strategic committee to "Strategic and Sustainable Development Committee" highlights the company's commitment to sustainable development [5] Upcoming Shareholders' Meeting - A temporary shareholders' meeting is scheduled for November 18, 2025, to review the amendments to the articles of association and other resolutions [6][7] - This governance reform is a crucial step for TCL Intelligent Home to comply with the new Company Law, and the innovative model of the audit committee replacing the supervisory board may serve as a reference for governance upgrades in the home appliance industry [7]