Core Points - The company has decided to abolish the supervisory board and amend its articles of association and governance systems to enhance corporate governance and compliance with relevant laws [1][3] - The decision was made during the eighth meeting of the fifth board of directors, with unanimous support from the board members [1] - The proposed changes will be submitted for approval at the shareholders' meeting, and the current supervisory board will continue to fulfill its duties until the changes are approved [2] Summary of Key Changes - The supervisory board will be replaced by the audit and risk control committee, which will assume the supervisory board's responsibilities [1] - The articles of association will be revised to replace all mentions of "shareholders' meeting" with "shareholders' assembly" and to remove references to the supervisory board, substituting them with the audit and risk control committee [3][5] - Additional adjustments will be made to sections regarding independent directors, board committees, and internal audits, with changes in article numbering due to the amendments [3][5]

Core Viewpoint - The company is holding a shareholder meeting on September 10, 2025, to discuss significant governance changes, including the proposal to abolish the supervisory board and amend the company's articles of association [1][2]. Meeting Details - The meeting will take place at the company's headquarters in Qitaihe, Heilongjiang Province, and will include both in-person attendance and online voting [1]. - The voting period for shareholders will be from 9:15 AM to 3:00 PM on the day of the meeting [1]. - The meeting will be chaired by the company's chairman, Mr. Jiao Qiang [1]. Participation and Rights - Shareholders registered by September 4, 2025, are entitled to attend and vote at the meeting, either in person or through a proxy [1][2]. - Shareholders have the right to speak, vote, and participate in the meeting, provided they follow the established procedures [2][3]. Agenda - The agenda includes registration of attendees, reporting on attendance, and discussing the proposed amendments to the articles of association [2][3]. - A key proposal is to cancel the supervisory board and revise the articles of association to enhance corporate governance [3][4]. Proposed Amendments - The amendments aim to redefine the roles of the chairman and the legal representative of the company, ensuring that the chairman is the legal representative [4][5]. - New provisions will clarify the responsibilities of the legal representative in civil activities conducted on behalf of the company [5][6]. Shareholder Rights - Shareholders are entitled to various rights, including the right to receive dividends, participate in meetings, and request information [12][13]. - The company emphasizes the importance of maintaining order during the meeting and protecting the rights of all shareholders [3][2]. Governance Structure - The proposed changes are intended to streamline the governance structure and improve operational efficiency [3][4]. - The company aims to ensure that the governance framework aligns with current legal requirements and best practices [4][5].

Group 1 - The company will abolish its supervisory board and transfer its functions to the audit committee of the board of directors, in accordance with relevant laws and regulations [1][2] - The decision to cancel the supervisory board and amend the articles of association is aimed at improving corporate governance and operational standards, benefiting the company and all shareholders [2][3] - The current supervisory board's term will end upon the approval of this proposal at the shareholders' meeting, and it will continue to perform its supervisory duties until then [2]

Core Points - The company held its 11th meeting of the 5th Supervisory Board on July 29, 2025, with all three supervisors present, complying with legal and regulatory requirements [1][2] - The Supervisory Board approved the company's 2025 semi-annual report, confirming that the report accurately reflects the company's actual situation without any false statements or omissions [1][2] - The Supervisory Board also approved a proposal to abolish the Supervisory Board and increase the number of members in the Board of Directors, which aligns with the latest legal and regulatory requirements, aiming to enhance corporate governance [2]

Core Viewpoint - The Shanghai Mijuan Communication Technology Co., Ltd. is holding its second extraordinary general meeting of shareholders in 2025 to discuss several key proposals aimed at improving corporate governance and compliance with updated regulations [1][5][11]. Meeting Procedures - Shareholders and their representatives must register according to the meeting notice to attend; those who fail to provide valid documentation will be denied entry [1][2]. - Late attendees can participate in voting if they arrive before voting starts; otherwise, they can only observe [2]. - Recording or photographing the meeting is prohibited, and disruptive behavior may lead to removal [2][3]. Voting Process - The meeting will utilize a combination of on-site and online voting, with specific time slots for each method [3][4]. - Votes must be clearly marked; any unclear or unsubmitted ballots will be considered as abstentions [3][4]. Agenda Items - Proposal One: Revision of the Articles of Association to enhance corporate governance, which has been approved by the board and is now submitted for shareholder review [5]. - Proposal Two: Revision of the Rules of Procedure for Shareholder Meetings, also approved by the board [7]. - Proposal Three: Revision of the Rules of Procedure for Board Meetings, submitted for shareholder consideration [8]. - Proposal Four: Revision of the Independent Director Work System to align with updated regulations [9]. - Proposal Five: Revision of the Implementation Rules for Cumulative Voting, aimed at improving governance [10]. - Proposal Six: Proposal to abolish the Supervisory Board, transferring its responsibilities to the Audit Committee of the Board [11].

Group 1 - The company held the 19th meeting of the fourth Supervisory Board on June 13, 2025, with all three supervisors present, and the meeting was deemed legally valid [1][2] - The Supervisory Board approved the proposal to amend the company's articles of association and abolish the Supervisory Board, with a unanimous vote of 3 in favor and none against [1][2] - The amendment to the articles of association is intended to align with the company's actual development needs and improve corporate governance, with the powers of the Supervisory Board being transferred to the Audit Committee of the Board of Directors [2]

Group 1 - The company held its 12th Supervisory Board's 8th meeting on May 19, 2025, with 3 out of 4 supervisors present, and the meeting complied with relevant laws and regulations [1] - The Supervisory Board approved the revision of the company's Articles of Association, stating it aligns with legal requirements and enhances corporate governance, benefiting sustainable development without harming the interests of the company and its shareholders [1][2] - The voting results for the Articles of Association revision were 3 votes in favor, 0 against, and 0 abstentions, and the proposal will be submitted to the shareholders' meeting for special resolution [2] Group 2 - The company plans to revise the "Rules of Procedure for Shareholders' Meetings" in accordance with the revised Articles of Association, relevant laws, and the company's actual situation, with the aim of improving corporate governance [2][3] - The voting results for the revision of the "Rules of Procedure for Shareholders' Meetings" were also 3 votes in favor, 0 against, and 0 abstentions, and this proposal will be submitted to the shareholders' meeting for review [2] - The Supervisory Board also approved the revision of the "Rules of Procedure for Board Meetings," which will be submitted to the shareholders' meeting for consideration, emphasizing compliance with legal requirements and the enhancement of corporate governance [3]