Core Viewpoint - The company is actively expanding its business upstream in the supply chain by constructing a new production base for high-performance metal materials, which is expected to significantly enhance its product offerings and market competitiveness [2][3][4]. Group 1: Company Overview - The company is named Guangdong Oulai High-tech Materials Co., Ltd., with stock code 688530 [3]. - The company has announced the cancellation of its supervisory board and the revision of its articles of association to improve its governance structure [3][4]. Group 2: Financial Data - The financial data section is not provided in the documents, and thus no summary can be made [1]. Group 3: Major Developments - The company has completed the construction and acceptance of its new production base for high-purity metal materials, which includes various copper and copper alloy products [2][3]. - The project aims to enrich the company's product system and is anticipated to open a second growth curve for the company's performance [2][3]. Group 4: Governance Changes - The supervisory board's functions will be transferred to the audit committee of the board of directors, following the cancellation of the supervisory board [3][4]. - The articles of association will be revised to reflect these changes, including the removal of references to the supervisory board and the addition of sections regarding controlling shareholders and independent directors [4][5]. Group 5: Internal Management - The company is revising and establishing internal governance systems to enhance its internal management mechanisms [6].