Core Viewpoint - Ningbo Bowei Alloy Materials Co., Ltd. is holding its second extraordinary general meeting of shareholders in 2025 to discuss significant governance changes, including the cancellation of the supervisory board and amendments to the company's articles of association [1][2]. Group 1: Meeting Agenda - The meeting will include the introduction of attending shareholders, the election of vote counters, and the review and voting on the proposed resolutions [1]. - The agenda also includes the announcement of voting results and the reading of legal opinions by a witnessing lawyer [1]. Group 2: Proposal to Cancel the Supervisory Board - The company proposes to abolish the supervisory board, transferring its powers to the audit committee of the board of directors, in compliance with relevant laws and regulations [2]. - The current supervisory board will continue to perform its supervisory functions until the shareholders' meeting approves the cancellation [2]. Group 3: Changes in Registered Capital - The company plans to reduce its registered capital from 810,374,302 yuan to 810,094,302 yuan due to the repurchase and cancellation of 280,000 restricted stocks related to a former executive [2]. - The total share capital will also decrease correspondingly from 810,374,302 shares to 810,094,302 shares [2]. Group 4: Amendments to Articles of Association - Amendments to the articles of association will include the removal of references to the supervisory board and the addition of sections regarding controlling shareholders and independent directors [3]. - The revised articles will be submitted for approval at the shareholders' meeting, with the board authorized to handle related registration and filing matters [3]. Group 5: Governance System Revisions - The company has proposed revisions and abolitions of eight governance systems in light of the supervisory board's cancellation, which will be presented for shareholder approval [5]. - The board has already approved these changes in a prior meeting [5]. Group 6: Election of New Director - The company will propose the election of Chen Kelei as a new director of the sixth board, following the resignation of a current board member [6]. - Chen Kelei has extensive experience in international telecommunications and management, making him a suitable candidate for the board [6][8].