The Three Gorges Water Conservancy announced the cancellation of the Board of Supervisors.

On December 18th, Three Gorges Water Conservancy held the third interim shareholders' meeting for the year 2025, and approved relevant resolutions. According to the shareholders' meeting resolution, the company has abolished the supervisory board, and all five supervisors have officially resigned from their positions. The positions of supervisors and chairman of the supervisory board have been cancelled accordingly, and the Audit Committee of the Board of Directors will exercise the powers of the supervisory board as stipulated in the Company Law. The regulations related to the supervisory board, such as the "Rules of the Supervisory Board Meeting", have been correspondingly abolished. As the deadline for the transition period on January 1, 2026 approaches, according to incomplete statistics, more than 1700 listed companies in the A-share market have announced the cancellation of their supervisory boards. The governance model of Chinese listed companies is transitioning towards a simplified and efficient "two meetings and one layer" model.