USAS Building System (Shanghai) Co., Ltd. announced a plan to eliminate its Supervisory Committee and transfer its functions to the Board’s Audit Committee. Key proposal highlights: • Governance change: The Supervisory Committee will be dissolved, and its duties—previously centered on internal control and oversight—will be assumed by the Audit Committee. • Articles update: The company intends to revise its Articles of Association to delete all references to the Supervisory Committee, align shareholder-approval thresholds with Chapters 14 and 14A of Hong Kong’s Listing Rules, and implement additional housekeeping edits. • Shareholder approval timetable: All amendments will be presented as a special resolution at the Annual General Meeting scheduled for 15 May 2026. • Transition details: Once the new Articles take effect, existing Supervisory Committee members will relinquish their roles. They have confirmed no disagreements with the Board and no other matters requiring shareholder or exchange attention. • Administrative follow-up: The Board will seek shareholder authorization to complete all regulatory filings associated with the amendments. A circular outlining the full text of the proposed changes, together with the AGM notice and proxy form, will be uploaded to both the company website (https://www.usas.com) and the Hong Kong Stock Exchange website (http://www.hkexnews.hk) in due course.