Core Viewpoint - Shanghai Zhenhua Heavy Industries Co., Ltd. is proposing significant governance changes, including the abolition of the supervisory board and the transfer of its responsibilities to the newly renamed Audit and Risk Committee of the board of directors [1][2]. Group 1: Governance Changes - The company will no longer establish a supervisory board, with its powers being transferred to the Audit and Risk Committee [1]. - The proposal to abolish the supervisory board is in accordance with relevant laws and regulations, including the Company Law of the People's Republic of China [1][2]. - The existing rules related to the supervisory board will be abolished, and the current supervisory board members will automatically lose their positions [1]. Group 2: Amendments to Company Articles - The company has revised its Articles of Association to align with the latest regulatory requirements and to enhance corporate governance [2]. - The amendments are based on guidelines from the State-owned Assets Supervision and Administration Commission and the China Securities Regulatory Commission [2]. - Specific details of the amendments to the Articles of Association are to be discussed in the upcoming shareholder meeting [2]. Group 3: Shareholder Meeting Agenda - The agenda for the first extraordinary general meeting of shareholders in 2025 includes the review of the proposal to abolish the supervisory board and the amendments to the Articles of Association [1][3]. - Other proposals include the revision of the rules for shareholder meetings and board meetings, as well as the election of independent directors [3].