Amendment to the Articles of Association of Zhejiang Kainet Special Materials Co., Ltd.
To fully implement the requirements of the latest laws and regulations, ensure that the governance and regulatory provisions of Zhejiang Kainet Special Materials Co., Ltd. (hereinafter referred to as "the Company") remain synchronized, further standardize the Company's operational mechanisms, and enhance the level of corporate governance, the Company intends to optimize its governance structure based on the Company Law of the People's Republic of China, the Guidelines for Articles of Association of Listed Companies, the Listing Rules of the Shenzhen Stock Exchange, and other relevant laws and regulations, combined with the actual needs of corporate governance. After careful study, the Company proposes to abolish the supervisory board, with the powers of the original supervisory board being assumed by the audit committee of the board of directors. The relevant systems such as the "Rules of Procedure for the Supervisory Board" will be abolished accordingly. Current supervisors will be relieved of their positions from the date the shareholders' meeting approves the amendment to the Articles of Association.
In addition, the Company will simultaneously revise the Articles of Association, with specific amendments listed as follows: