Core Viewpoint - The reform of the supervisory board is expected to increase board seats in listed banks, attracting long-term capital such as insurance funds, and facilitating business cooperation and capital supplementation opportunities for banks [1][2]. Group 1: Impact of Supervisory Board Reform - A new policy allows financial institutions to set up audit committees within the board, leading to the cancellation of supervisory boards in over half of the listed banks [2]. - As of December 19, 2023, 22 listed banks have received regulatory approval to abolish their supervisory boards, with 16 shareholder meetings having approved this change [2]. Group 2: Increase in Board Seats - The average number of board members in listed banks is 14, with state-owned banks averaging 15-16 members and regional banks averaging 13 members; the proportion of directors with a state-owned background is about 23.5% [3]. - The reform is projected to create an additional board seat per bank, potentially attracting 456.2 billion yuan in capital to the A-share banking sector [3]. Group 3: Attracting Long-term Capital - The increase in board seats is expected to attract insurance funds, allowing them to account for bank profit growth through the equity method, potentially drawing in 697.7 billion yuan in insurance capital to the A-share banking sector [4]. - There are currently 11 listed banks with insurance background directors, with new appointments made this year by several insurance companies [4]. Group 4: Strategic Partnerships and Capital Support - The reform supports the introduction of strategic investors for business cooperation and capital supplementation, as evidenced by recent investments in banks [4]. - The management of state-owned capital is strengthened, enhancing banks' roles in supporting national strategies and the real economy [4].

Core Points - The company plans to distribute cash dividends of 1.84 yuan per 10 shares to all shareholders, totaling approximately 292.12 million yuan, which represents 30.05% of the net profit attributable to shareholders for the first half of 2025 [1][2] - The company has approved the cancellation of the supervisory board and the revision of its articles of association, which will be submitted for shareholder approval [3][4] - The company has made several amendments to its articles of association, including the reduction of registered capital due to the repurchase of restricted shares and the adjustment of governance structures in accordance with new regulations [5][6][7] Financial Data - The total number of shares after the repurchase is 1,587,585,826, and the registered capital is adjusted to the same amount [5] - The company has a remaining undistributed profit of approximately 2.07 billion yuan to be carried forward to the next period [1] Governance Changes - The supervisory board will be replaced by the audit committee of the board of directors, which will assume the supervisory responsibilities [4][6] - The company will now allow shareholders with a minimum holding of 1% to propose agenda items, down from the previous 3% requirement [6][7]

Core Points - The company plans to hold its second extraordinary general meeting of shareholders in 2025 on August 29, with both on-site and online voting options available [1] - The agenda includes proposals to amend the company's articles of association, cancel the supervisory board, and revise the rules for shareholder and board meetings [1][4][5] Group 1: Amendments to Articles of Association - The proposed amendments clarify the responsibilities of the legal representative, stating that the company will bear the legal consequences of civil activities conducted in its name, while allowing for recourse against the representative in case of fault [1][2] - The amendments also specify conditions under which the company may repurchase shares, including a cumulative decline of 20% in stock price over 20 consecutive trading days or if the closing price falls below 50% of the highest closing price in the past year [1][10] Group 2: Cancellation of Supervisory Board - The supervisory board will be abolished, with its functions transferred to the audit and risk committee of the board of directors, following the guidelines from the State-owned Assets Supervision and Administration Commission [2][3] - The existing supervisory board members will have their positions terminated upon approval of the amendments [3] Group 3: Revision of Shareholder Meeting Rules - The name of the shareholder meeting will be changed to "shareholders' meeting," and new provisions will allow shareholders holding more than 3% of shares for over 180 days to request access to the company's accounting books [2][4] - The rules will also allow shareholders with over 1% ownership to propose agenda items, reducing the previous threshold from 3% [3][4] Group 4: Revision of Board Meeting Rules - The chairperson of the board will now serve as the convener of the nomination committee, and the voting threshold for certain decisions will be adjusted from a majority of all directors to a simple majority [5] - The audit and risk committee will assume the legal responsibilities previously held by the supervisory board [5]

Core Viewpoint - Qingdao Rural Commercial Bank Co., Ltd. proposes to abolish its supervisory board and transfer its responsibilities to the audit committee of the board of directors, in compliance with new regulatory requirements and governance practices [8][9]. Summary by Sections Proposal to Abolish Supervisory Board - The bank intends to no longer establish a supervisory board and its specialized committees, with the audit committee assuming the supervisory functions as per the Company Law and relevant regulations [8]. - Existing supervisors will no longer serve in their roles, and related governance documents will be revised or abolished accordingly [8]. Revision of Company Articles - The bank plans to amend its Articles of Association, which will consist of 13 chapters and 250 articles after the revision [9]. - Key amendments include the removal of supervisory board provisions, adjustments to the powers of the shareholders' meeting and board of directors, and the introduction of employee directors [9][10]. - The board of directors is authorized to make necessary modifications to the Articles based on regulatory feedback [9]. Implementation and Approval - The revised Articles will take effect upon approval by the shareholders' meeting and subsequent regulatory approval [10]. - The bank's supervisory board will continue to perform its duties until the new governance structure is officially in place [8].

Group 1 - The company held its 15th meeting of the 9th Board of Directors on August 11, 2025, with all 9 directors present, ensuring compliance with relevant laws and regulations [1][2] - The Board approved a proposal to amend the company's Articles of Association and its attachments to enhance governance standards in line with recent legal and regulatory updates [1][2] - The proposal includes further specification of the responsibilities of the Party Committee and the implementation of reforms to the Supervisory Board [1] Group 2 - The voting results for the proposal showed unanimous support, with 9 votes in favor, representing 100% of the voting rights of those present [2] - The proposal will be submitted for review at the upcoming extraordinary general meeting of shareholders scheduled for August 27, 2025 [2]

Group 1 - The company held its ninth meeting of the supervisory board, which was conducted both in-person and via communication methods, with all three supervisors present [1][2] - The meeting approved a proposal to amend the company's articles of association and its attachments, reflecting the need for reform in the supervisory board structure [1] - The proposed reforms include transferring the supervisory board's powers to the audit committee and abolishing related rules, along with revising the articles of association and the rules for shareholder and board meetings [1]

Group 1 - The company held its ninth meeting of the ninth Supervisory Board on July 18, 2025, with four supervisors present, and the meeting complied with relevant laws and regulations [1] - The Supervisory Board approved a reform plan to enhance the effectiveness of the board, which includes the dissolution of the Supervisory Board for the group and its subsidiaries, transferring its powers to the Audit Committee of the Board [1] - The proposal to amend the "Election Method for Directors and Supervisors" to remove content related to the election of supervisors and adjust the shareholding ratio required for shareholders to nominate director candidates was approved, pending submission to the shareholders' meeting [2] Group 2 - The Supervisory Board agreed to manage temporarily idle raised funds for cash management, with a limit of up to RMB 260 million, ensuring it does not affect the normal operation of fundraising projects and is risk-controlled [2] - The resolutions from the ninth meeting of the ninth Supervisory Board are available for review in the company's announcements published in various financial newspapers and on the official website [3]

Core Viewpoint - Sichuan Dawai Technology Co., Ltd. has restructured its governance by abolishing the supervisory board, transferring its responsibilities to the audit committee of the board of directors, and amending its articles of association accordingly [1][2][3]. Summary by Sections Supervisory Board Reform - The supervisory board's responsibilities will now be handled by the audit committee, and the relevant rules governing the supervisory board have been abolished [1][2]. - The original term of the sixth supervisory board was from May 19, 2023, to May 19, 2026, but the positions of the supervisory board members have been naturally terminated [1][2]. Articles of Association Amendments - The amendments to the articles of association are in line with the adjustments in the company's governance structure and the guidelines for listed companies [2][3]. - The revised articles aim to protect the rights of the company, shareholders, employees, and creditors, ensuring compliance with the Company Law and Securities Law of the People's Republic of China [2][3]. Specific Changes in Articles - The articles now specify that the company is a permanent stock company, with the chairman serving as the legal representative [3][4]. - The articles have been updated to clarify the legal obligations and rights of shareholders, directors, and senior management [5][6]. - The provisions regarding the company's ability to provide financial assistance for share purchases have been revised, allowing for employee stock ownership plans [6][7]. Shareholder Rights - Shareholders retain rights to dividends, participate in meetings, supervise company operations, and request information [11][12]. - The articles outline the procedures for shareholders to propose temporary meetings and the requirements for such proposals [19][20]. Governance and Accountability - The audit committee is empowered to initiate legal actions against directors and senior management if they violate laws or the articles of association, ensuring accountability [12][13]. - The articles emphasize the responsibilities of controlling shareholders and actual controllers to act in the best interests of the company and its shareholders [14][15].