Yunnan Water Investment Co., Limited (the “Company,” stock code 6839) has unveiled proposals to abolish its Board of Supervisors and transfer relevant supervisory functions to the audit committee of the Board of Directors. These changes would repeal the existing Rules and Procedures of the Board of Supervisors, subject to a special resolution at an upcoming extraordinary general meeting.

Under the proposals, the audit committee of the Board would take over the authority previously exercised by the Board of Supervisors. The Company also released details of additional amendments to its Articles of Association, Rules and Procedures of Shareholders’ General Meetings, and Rules and Procedures of Board Meetings. The stated aim is to align the Company’s corporate governance with the latest amended requirements of the Company Law and other applicable regulations.

All proposed changes require approval by special resolution at the extraordinary general meeting and registration with relevant regulatory authorities before taking effect. According to the announcement, a circular containing more details—along with the notice of the extraordinary general meeting—will be dispatched to shareholders, with the official voting to be conducted by poll.

Upon final approval, the relevant amendments will come into force on the day of the extraordinary general meeting. Any resulting modifications will also be filed with the responsible authorities in the People’s Republic of China and the Companies Registry in Hong Kong.