Zhongtai Futures Co., Ltd. (01461) released an announcement detailing proposed amendments to its Articles of Association and the abolition of its Supervisory Committee. According to the announcement, the company plans to remove all clauses related to the Supervisory Committee and supervisors, transferring the relevant supervisory functions to the Board’s Audit Committee in line with recent regulatory requirements and market practices.

In the proposed amendments, outdated references—such as those citing past directives and provisions—will be adjusted or removed. Several revisions address financial assistance for share acquisition, settlement of disputes, and the updating of clauses on matters like financial and compliance oversight. The amended Articles of Association will require shareholder approval by way of a special resolution at an upcoming Extraordinary General Meeting, during which shareholders will also vote on officially abolishing the Supervisory Committee.

Post-approval, the Board’s Audit Committee will be responsible for the supervision of the company’s operations, management, and related-party transactions previously monitored by the Supervisory Committee. Zhongtai Futures Co., Ltd. stated that these steps aim to optimize its corporate governance structure, ensuring compliance with regulatory standards and maintaining effective oversight of corporate affairs.