Shanghai Realway Capital Assets Management Co., Ltd. (REALWAY CAPITAL, 01835) plans to overhaul its governance structure by eliminating the Supervisory Committee and revising its Articles of Association.

The Board will seek shareholder approval at the forthcoming Annual General Meeting (AGM) to: 1) Abolish the Supervisory Committee and transfer its statutory oversight duties to the Board’s Audit Committee, as now permitted under the revised PRC Company Law effective 1 July 2024. 2) Update the Articles of Association to reinforce minority-shareholder protections, strengthen accountability of controlling shareholders, directors and senior management, and align with the latest regulatory guidance issued by the China Securities Regulatory Commission on 28 March 2025. 3) Implement additional housekeeping changes to ensure full regulatory compliance.

Conditional on AGM approval, all current Supervisors will resign on the meeting date. Each Supervisor has confirmed no disagreement with the Board and no matters requiring shareholder attention.

The proposed amendments will be voted on via special resolution at the AGM. A detailed circular outlining the revisions will be published on the HKEX and company websites in due course.