Core Viewpoint - Shenzhen Sanwang Communication Co., Ltd. is revising its management systems in accordance with updated regulations and has decided to abolish the supervisory board [1] Group 1: Management System Revisions - The company held its third board meeting on May 29, 2025, where it approved the proposal to formulate and revise certain management systems [1] - The revisions are based on the latest legal and regulatory documents, including the revised Articles of Association and the Shanghai Stock Exchange's rules [1] - New management systems include the remuneration management system for directors and senior management, the resignation management system, and the voluntary information disclosure management system [1] Group 2: Disclosure and Approval - The revised management systems will be disclosed on the Shanghai Stock Exchange's website on the same day [2] - Certain revised management systems will require approval at the company's second extraordinary general meeting in 2025 [4]