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on the topic of judicial interpretation of Article 88 of the Company Law, see the SPC Monitor's comments: ....The Legislative Affairs Commission stated that the “[they] will urge the relevant judicial interpretation-making authorities to take appropriate measures to properly handle the matter.” The SPC issued a follow-up interpretation two days after the annual report was made public, signaling that the SPC had been previously informed. Although the problematic July 2024 interpretation must have been reviewed by the Legislative Affairs Commission in draft form before it was approved by the SPC judicial committee, as required by Article 18 of the SPC’s Judicial Interpretation Work Provisions, it appears that whichever office of the Legislative Affairs Commission initially reviewed the SPC’s draft and the office responsible for recording and review took different views.

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