Innovation New Material to abolish supervisory board, amend articles

Innovation New Material Technology Co., Ltd. held its 8th Board of Directors' 24th meeting and 8th Supervisory Board's 21st meeting on December 1, 2025. During these meetings, a proposal to abolish the supervisory board and amend the company's articles of association was reviewed and approved. This proposal now awaits approval from the company's general meeting of shareholders.

The decision is based on relevant company law and listing rules, aligning with Innovation New Material's current operational situation. The responsibilities of the supervisory board will be transferred to the Board of Directors' Audit Committee, and the "Rules of Procedure for Supervisory Board Meetings" will be nullified.

Key amendments to the articles of association include the removal of provisions related to supervisors and the supervisory board, the adjustment of "Shareholders' General Meeting" to "Shareholders' Meeting," and overall revisions for clarity and compliance. The complete revised articles are available on the Shanghai Stock Exchange website, and the Board of Directors will seek authorization from the shareholders' meeting for management to handle industrial and commercial changes and filing.