On 31 October 2025, Luzhou Xinglu Water (2281) released an announcement detailing several proposed corporate governance changes. According to the announcement, the company intends to amend its Articles of Association in line with national laws, regulations, and the latest regulatory requirements. These amendments coincide with a proposal to abolish the Supervisory Committee, with its oversight responsibilities to be assumed by the Audit Committee under the Board of Directors. The abolition requires explicit approval at a general meeting.

The announcement further states that, pending shareholder approval, Luzhou Xinglu Water aims to adopt new rules governing its general meetings and board of directors, replacing existing procedural guidelines. A related circular and notice of the extraordinary general meeting are scheduled for dispatch in accordance with regulatory requirements.

The Board notes that all supervisors have confirmed no disagreements with the changes. Implementation of these measures—amendments to the Articles of Association, abolition of the Supervisory Committee, and adoption of revised meeting rules—will only come into effect upon shareholder approval at a general meeting.