Chinalin Securities to amend articles, eliminate supervisory board

Chinalin Securities (SZSE:002945) announced plans to amend its Articles of Association and eliminate its Supervisory Board to enhance governance efficiency and streamline management. The decision, made during the company's 26th meeting of the Third Board of Directors, is subject to shareholder approval at the upcoming Extraordinary General Meeting in 2025. The responsibilities of the Supervisory Board will be transferred to the Audit and Related Transactions Committee under the Board of Directors. Concurrently, the company will abolish the "Rules of Procedure for the Supervisory Board," and all related provisions in Chinalin's internal regulations. To ensure continued compliance during the transition, the current Supervisory Board and its members will remain bound by existing regulations until the shareholder resolution takes effect.