The board of supervisors or supervisor of a company with no board of supervisors may exercise the following powers:

(1)To check the financial affairs of the company;

(2)To supervise the duty-related acts of the directors and senior managers, to put forward proposals on the removal of any director or senior manager who violates any law, administrative regulation, the articles of association or any resolution of the shareholders’ meeting;

 (3)To demand any director or senior manager to make corrections if his act has detrimented the interests of the company;

(4)To propose to call interim shareholders’ meetings, to call and preside over shareholders’ meetings when the board of directors does not exercise the function of calling and presiding over shareholders’ meetings as prescribed hereunder;

 (5)To put forward proposals at shareholders’ meetings;

(6)To initiate actions against directors or senior managers in accordance with Article 152 hereunder; and

(7)Other duties as requireded by the articles of association.