Auntea Jenny (Shanghai) Industrial Co., Ltd. (Stock Code: 02589) released an announcement dated October 17, 2025, regarding proposed amendments to its Articles of Association and related annexes. The announcement states that the Company intends to abolish the board of supervisors, with its supervisory powers to be assumed by the audit committee of the board of directors. Upon shareholder approval of these revisions, all references to supervisors in the Articles of Association and procedural attachments will be removed, and the current supervisors will be relieved of their duties.

The announcement highlights that these amendments will become effective once approved by shareholders at a forthcoming shareholders’ meeting. Until the proposed changes are formally adopted, the existing board of supervisors will continue fulfilling its commitments. A circular containing full details of the proposed amendments and a notice of the shareholders’ meeting will be made available on both the HKExnews website and the Company’s own website in due course.

According to the announcement, the objective of these amendments is to streamline corporate governance and align the Company’s structure with the relevant laws and guidelines. The audit committee will undertake the supervisory functions previously performed by the board of supervisors, including monitoring financial information, reviewing disclosures, and overseeing internal and external audits. Ultimately, the Company seeks to enhance operational transparency and clarity through these proposed changes, subject to shareholder approval.