TVZone(SH:603721) Zheng Quan Zhi Xing·2025-07-16 16:27Core Viewpoint - The company, Zhongguang Tianze Media Co., Ltd., has proposed amendments to its Articles of Association to comply with the revised Company Law and relevant regulations, which will be submitted for shareholder approval [1][2][3]. Summary by Sections Amendments Overview - The amendments aim to protect the rights of the company, shareholders, and creditors while enhancing the political core role of the Communist Party within the company [1]. - The board of directors has authorized the necessary personnel to handle the registration and filing of the revised Articles of Association [1]. Specific Amendments - Article 1: The revised article emphasizes the protection of the rights of the company, shareholders, employees, and creditors, and the political role of the Communist Party [1]. - Article 8: The chairman is defined as the legal representative of the company, with stipulations regarding the appointment of a new legal representative within 30 days of resignation [1]. - New Article 9: Establishes that the company bears legal consequences for civil activities conducted by the legal representative [1]. - Article 10: Clarifies that the company's assets are divided into equal shares, and shareholders are liable only to the extent of their subscribed shares [2]. - Article 16: Ensures that all shares issued are equal in rights and obligations [2]. - Article 20: Prohibits the company from providing financial assistance for the acquisition of its own shares, with exceptions for employee stock ownership plans [2]. - Article 30: Outlines the rights of shareholders to supervise company operations and propose suggestions [3]. Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and participate in decision-making processes based on their shareholdings [5]. - The company must provide shareholders with access to relevant documents and information upon request [6]. - Shareholders are required to comply with laws and regulations and are liable for any damages caused by the abuse of their rights [12]. Governance and Meeting Procedures - The company’s governance structure includes provisions for the convening of shareholder meetings, with specific requirements for notice and voting procedures [14][15]. - The amendments stipulate that shareholders holding more than 10% of shares can convene meetings if the board fails to do so [14]. - The notice for shareholder meetings must include detailed information about the agenda and voting procedures [15].