Shenzhen Stock Exchange: Listed companies should not have a board of supervisors or supervisors before January 1, 2026.

The Shenzhen Stock Exchange has issued a notice regarding the "Shenzhen Stock Exchange Stock Listing Rules." According to the China Securities Regulatory Commission's "Transition Arrangements for the Implementation of New Corporate Law Supporting System Rules," listed companies must, by January 1, 2026, establish an Audit Committee in the board of directors in their articles of association to exercise the supervisory powers prescribed by the Corporate Law, instead of having a supervisory board or supervisor. Before adjusting the internal supervision structure of the company, the supervisory board or supervisor should continue to comply with the provisions regarding the supervisory board or supervisor in the original rules of this Exchange.