Sichuan Road & Bridge to revise corporate charter, abolish supervisory board

Sichuan Road & Bridge Construction Group Co., Ltd. (Sichuan Road & Bridge) will convene its 2025 fourth extraordinary general meeting on September 26, 2025, to deliberate on key amendments to its corporate documents. The meeting, to be held in Chengdu, will address three primary proposals: revisions to the company’s articles of association, amendments to the rules of procedure for shareholders’ meetings, and adjustments to the rules of procedure for board meetings. Online voting will also be available via the Shanghai Stock Exchange trading system.

A significant proposed change outlined in the "Proposal on Amending the Company's Articles of Association" involves the abolition of the supervisory board and supervisors. Their functions will be transferred to the company’s board of directors’ risk control and audit committee, aligning with the "Company Law" and the "Guidelines for Articles of Association of Listed Companies (2025 Revision)." Other amendments include changes to the company's registered capital, capital changes, business scope, and the addition of a special section for the board’s specialized committees and independent directors.

The proposals also detail modifications to the "Rules of Procedure for Shareholders' Meetings" and the "Rules of Procedure for Board Meetings." These revisions primarily involve standardizing terminology, such as replacing "General Meeting of Shareholders" with "Shareholders' Meeting," removing references to supervisors and the supervisory board, and refining procedural elements for meeting notices and voting. All proposed amendments have been reviewed and approved by the company's eighth board of directors at its sixtieth meeting, with full details disclosed on the Shanghai Stock Exchange website on August 30, 2025.