Anhui Conch Material Technology (02560) issued an announcement outlining plans to abolish its Supervisory Committee and amend its Articles of Association. This strategic move seeks to further optimize the company’s governance structure in accordance with the revised Company Law of the People’s Republic of China (2023) and the referenced guidelines for listed companies (2025).

According to the announcement, the functions previously performed by the Supervisory Committee will be transferred to the Board’s Audit Committee, and the existing positions of supervisors will be automatically removed upon shareholder approval of the proposed amendments. The individuals currently serving as supervisors have stated they hold no disagreements with the Board, and there are no matters requiring additional shareholder attention.

A circular containing details regarding these amendments, along with notice of the upcoming extraordinary general meeting, will be distributed to shareholders in due course.