On December 18, Three Gorges Water Resources held the 3rd Extraordinary General Meeting of Shareholders in 2025 to review and pass relevant proposals. According to the resolution of the shareholders' meeting, the company has abolished the board of supervisors, all five supervisors have officially stepped down, the establishment of supervisors and the chairman of the board of supervisors has been cancelled accordingly, the board audit committee exercises the powers of the board of supervisors as stipulated in the “Company Law”, and the “Rules of Procedure for the Supervisory Board” and other relevant systems for the board of supervisors have been abolished accordingly. As the end of the regulatory transition period approaches on January 1, 2026, according to incomplete statistics, more than 1,700 listed companies in the A-share market have announced the cancellation of supervisory boards. The governance model for listed companies in China is shifting towards a streamlined and efficient “two meetings and one layer” model.

On December 18, Three Gorges Water Resources held the 3rd Extraordinary General Meeting of Shareholders in 2025 to review and pass relevant proposals. According to the resolution of the shareholders' meeting, the company has abolished the board of supervisors, all five supervisors have officially stepped down, the establishment of supervisors and the chairman of the board of supervisors has been cancelled accordingly, the board audit committee exercises the powers of the board of supervisors as stipulated in the “Company Law”, and the “Rules of Procedure for the Supervisory Board” and other relevant systems for the board of supervisors have been abolished accordingly. As the end of the regulatory transition period approaches on January 1, 2026, according to incomplete statistics, more than 1,700 listed companies in the A-share market have announced the cancellation of supervisory boards. The governance model for listed companies in China is shifting towards a streamlined and efficient “two meetings and one layer” model.