City investment holdings: The company will no longer set up a board of supervisors.

On May 30, Shanghai Chengtou Holdings announced that, in accordance with relevant laws and regulations such as the Company Law of the People's Republic of China and the Guidelines for the Articles of Association of Listed Companies, the company will no longer set up a board of supervisors. The powers of the board of supervisors will be exercised by the audit committee of the board of directors, taking into account the actual situation of the company. The "Rules of Procedure of the Board of Supervisors of Shanghai Chengtou Holdings Co., Ltd." will be abolished accordingly, and relevant provisions in the "Articles of Association" will also be revised accordingly. Until the proposal to cancel the board of supervisors is approved by the shareholders' meeting, the 11th board of supervisors of the company will continue to diligently fulfill its supervisory duties in accordance with the Company Law, the Guidelines for Corporate Governance of Listed Companies, and other relevant laws and regulations. They will continue to supervise the legality and compliance of the company's operations, finances, and the performance of the directors and senior management, in order to safeguard the interests of the company and all shareholders.