Cinda Real Estate to disband supervisory board, revise bylaws

Cinda Real Estate Co., Ltd. announced on November 7, 2025, that its Thirteenth Board of Directors and Thirteenth Board of Supervisors approved the cancellation of the board of supervisors and the revision of the company's articles of association. This decision aligns with the Company Law of the People's Republic of China and other regulatory updates effective July 1, 2024. The board of supervisors’ statutory duties will now be performed by the board of directors' audit committee. The current Thirteenth Board of Supervisors will serve until the shareholders' meeting approves its dissolution.

The revisions to the articles of association include updates to Cinda Real Estate's governance structure, explicitly outlining the powers and responsibilities of the board, audit committee, and shareholders. For instance, the company will no longer accept its own shares as collateral, and the rules for issuing and repurchasing shares have been adjusted. Shareholder meeting procedures and voting rights have also been updated to reflect the new governance framework, ensuring compliance with the latest regulations.