Sinopec Engineering Board Approves Supervisory Committee Removal and Capital Reduction

Reuters
11/06
Sinopec Engineering Board Approves Supervisory Committee Removal and Capital Reduction

Sinopec Engineering Group Co. Ltd. held the ninth meeting of the 5th session of its board of directors, during which several significant resolutions were passed. The board approved amendments to the company's Articles of Association and its appendices, including the cancellation of the supervisory committee. The functions and powers of the supervisory committee will be assumed by the audit committee in accordance with new regulations. The company also resolved to set a new position for an employee representative director, refine the functions, powers, and authorizations of the general meeting and the board of directors, and reduce the registered capital. These changes aim to comply with updated laws and regulatory requirements and to enhance corporate governance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sinopec Engineering Group Co. Ltd. published the original content used to generate this news brief on November 06, 2025, and is solely responsible for the information contained therein.

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