Core Points - The meeting of Times Publishing Media Co., Ltd. is scheduled for September 15, 2025, to discuss various proposals including the appointment of an accounting firm and amendments to corporate governance structures [4][6][12] - The company proposes to appoint Tianjian Accounting Firm for the 2025 financial year, with audit fees remaining the same as in 2024 at RMB 2.06 million [5][8] - A profit distribution plan for the first half of 2025 is proposed, with a cash dividend of RMB 0.10 per share, amounting to a total distribution of approximately RMB 67.81 million, representing 32.47% of the net profit [12][11] - The company plans to abolish the supervisory board and related rules, transferring its responsibilities to the audit committee of the board of directors, in compliance with new regulations from the China Securities Regulatory Commission [13][14] Meeting Details - The meeting will be held at the 6th conference room of Times Publishing, located at 1118 Feicui Road, Shushan District, Hefei, Anhui Province [6] - The meeting will utilize both on-site and online voting methods, with specific time slots designated for each [4] Proposals Overview - Proposal 1: Appointment of Tianjian Accounting Firm for auditing services for the fiscal year 2025 [5] - Proposal 2: Distribution of profits for the first half of 2025, with a cash dividend of RMB 0.10 per share [12] - Proposal 3: Abolishment of the supervisory board and related rules, transferring responsibilities to the audit committee [13] - Proposal 4: Amendments to the company’s articles of association to align with new corporate governance regulations [14]

Group 1 - The core point of the articles is the trend among Chinese banks to abolish the supervisory board, influenced by the upcoming implementation of the new Company Law in 2024 and regulatory guidance [1][3] - Changshu Bank and Zijin Bank have both proposed to eliminate their supervisory boards, with Changshu Bank's decision approved in a recent shareholders' meeting [1] - Other banks, including Chongqing Rural Commercial Bank and Shanghai Rural Commercial Bank, have also passed similar resolutions in their board meetings [1] Group 2 - Major banks such as Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications have announced plans to abolish their supervisory boards [3] - The new Company Law allows companies to establish an audit committee within the board of directors to take over the supervisory responsibilities previously held by the supervisory board [3] - As of now, nearly 20 banks have passed relevant proposals to abolish their supervisory boards, indicating a significant shift in governance structure within the banking industry [3]

Core Viewpoint - Guangyuyuan Traditional Chinese Medicine Co., Ltd. plans to cancel its supervisory board and amend its articles of association to enhance corporate governance and comply with the new Company Law [1][2]. Summary by Sections Cancellation of Supervisory Board and Amendments to Articles of Association - The company’s board of directors unanimously approved the proposal to cancel the supervisory board, transferring its powers to the audit committee of the board [1]. - The amendments to the articles of association and related rules include changes to the shareholder meeting rules, board meeting rules, independent director system, and cash dividend management system [1][2]. Details of Amendments - The amendments aim to improve the operational standards of the company and align with the guidelines for listed companies [1]. - Specific changes include the definition of the legal representative, responsibilities of the board, and the rights and obligations of shareholders [2][3][5]. Shareholder Meeting Procedures - The proposal requires approval from the shareholders' meeting, and until then, the current supervisory board will continue its duties [2]. - The revised articles will enhance the clarity of shareholder rights and the procedures for convening meetings [2][10]. Financial and Operational Governance - The amendments also address the management of financial assistance and the conditions under which the company can provide guarantees [5][23]. - The company will ensure that any financial assistance provided does not exceed 10% of the total issued share capital [5][23]. Compliance and Legal Framework - The company emphasizes adherence to legal requirements and the importance of transparency in its operations [1][10]. - The amendments include provisions for the handling of disputes regarding the validity of board and shareholder resolutions [10][11].