Core Points - The company has decided to abolish the supervisory board and amend its articles of association and governance systems to enhance corporate governance and compliance with relevant laws [1][3] - The decision was made during the eighth meeting of the fifth board of directors, with unanimous support from the board members [1] - The proposed changes will be submitted for approval at the shareholders' meeting, and the current supervisory board will continue to fulfill its duties until the changes are approved [2] Summary of Key Changes - The supervisory board will be replaced by the audit and risk control committee, which will assume the supervisory board's responsibilities [1] - The articles of association will be revised to replace all mentions of "shareholders' meeting" with "shareholders' assembly" and to remove references to the supervisory board, substituting them with the audit and risk control committee [3][5] - Additional adjustments will be made to sections regarding independent directors, board committees, and internal audits, with changes in article numbering due to the amendments [3][5]