Core Viewpoint - The supervisory board system, a standard for corporate governance in Chinese commercial banks for nearly three decades, is quietly coming to an end across the industry as banks transition to a new governance structure under the revised Company Law effective in 2024 [1][4]. Group 1: Background and Historical Context - The establishment and subsequent exit of the supervisory board system reflect the entire process of market-oriented reform and modern corporate governance in China's banking sector, rooted in the historical context of state-owned financial institution supervision [2]. - The supervisory board was first mandated by the 1995 Commercial Banking Law to enhance the oversight of state assets, evolving over nearly thirty years into a distinctive "dual-layer" governance structure alongside the board of directors and senior management [2]. Group 2: Legislative Changes and Implementation - The new Company Law effective in July 2024 allows banks to establish an audit committee under the board of directors instead of maintaining a supervisory board, providing legal space for diverse governance models [4]. - Following the implementation of this law, major state-owned banks, including ICBC, ABC, and others, completed amendments to their articles of association by September 2025, officially abolishing the supervisory board [5]. Group 3: Trends and Observations - By January 1, 2026, all 42 A-share listed banks had publicly announced the abolition of their supervisory boards, with many smaller banks also advancing similar plans [5][6]. - The exit of the supervisory board is seen as a trend driven by both regulatory changes and the inherent challenges faced by the supervisory board in its long-term practice [8]. Group 4: Challenges and Future Directions - The transition to an audit committee assumes greater responsibility for oversight, with experts noting both opportunities and challenges in this new structure [12]. - The audit committee is expected to enhance its supervisory role, but its effectiveness will depend on clear regulations regarding member selection and independence [13]. - The banking industry is exploring various strategies to optimize the audit committee's functioning, including clarifying responsibilities and ensuring a diverse and professional member composition [14].

Core Points - The document outlines the rules for the Supervisory Board of Guangdong Tianhe Agricultural Resources Co., Ltd, aiming to standardize the meeting procedures and voting processes of the Supervisory Board to enhance its supervisory responsibilities and decision-making capabilities [1][18] - The Supervisory Board is a permanent supervisory body responsible to all shareholders, overseeing the legality and compliance of the company's financial activities and the actions of directors and senior management [1][3] Section Summaries General Principles - The rules are established based on relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1] - The Supervisory Board is tasked with protecting the legal rights of the company and its shareholders [1] Supervisors - Individuals with certain disqualifying conditions, such as criminal convictions or significant personal debt, are prohibited from serving as supervisors [3][4] - Supervisors have obligations to act in the best interest of the company, maintain confidentiality, and avoid conflicts of interest [4][5] Supervisory Board Structure and Powers - The Supervisory Board consists of three members, including shareholder representatives and employee representatives, with a minimum of one-third being employee representatives [10] - The Supervisory Board has the authority to review financial reports, supervise the actions of directors and senior management, and propose the convening of extraordinary shareholder meetings [12][13] Meeting Procedures - Regular meetings must be held at least every six months, with specific notification requirements for both regular and extraordinary meetings [14][15] - Decisions require a majority vote from the attending supervisors, and detailed records of meetings must be maintained [23][24] Responsibilities and Accountability - Supervisors are responsible for ensuring the accuracy and completeness of disclosed information and must report any violations or irregularities [7][28] - The Supervisory Board must ensure that its resolutions are executed and report on their implementation in subsequent meetings [29][30]

Core Viewpoint - The document outlines the rules and regulations governing the supervisory board of Changchun High-tech Industry (Group) Co., Ltd., emphasizing the structure, responsibilities, and operational procedures of the supervisory board [1][2][3]. Group 1: General Provisions - The rules aim to standardize the meeting methods and procedures of the supervisory board, ensuring efficiency and effective supervision in accordance with relevant laws and the company's articles of association [1]. - The supervisory board is established to exercise its supervisory functions as granted by the Company Law and other regulations [1]. Group 2: Composition and Election of the Supervisory Board - The supervisory board consists of three members, including one chairperson, with a term of three years and the possibility of re-election [2]. - Members include 1-2 shareholder representatives elected by the shareholders' meeting and one employee representative elected by the company's employees [2]. - Directors, general managers, deputy general managers, and financial officers are prohibited from serving as supervisors [2]. Group 3: Responsibilities and Powers of the Supervisory Board - The supervisory board is accountable to the shareholders' meeting and has the authority to review the company's periodic reports, inspect financials, and supervise the actions of directors and senior management [3]. - It can propose the convening of temporary shareholders' meetings and suggest the dismissal of directors or senior management if they violate laws or company regulations [3]. Group 4: Meeting Procedures - The supervisory board must hold at least one regular meeting every six months, with the chairperson responsible for convening and presiding over these meetings [5]. - Meetings require the presence of more than half of the supervisors to be valid, and decisions must be approved by at least two-thirds of the members present [6]. Group 5: Decision Announcement and Execution - The announcement of supervisory board resolutions is managed by the board secretary, who ensures that decisions are implemented and reported in subsequent meetings [7]. - The rules serve as a supplement to the company's articles of association and must be modified in accordance with national laws and regulations if conflicts arise [7].