Yongmaotai(SH:605208) Xin Lang Cai Jing·2025-09-17 11:58Core Viewpoint - Shanghai Yongmaotai Automotive Technology Co., Ltd. has revised its articles of association to enhance corporate governance and protect the rights of shareholders, employees, and creditors [1][3]. Shareholder and Shareholder Meeting - The company has clarified the rights and obligations of shareholders, including the right to receive dividends, participate in shareholder meetings, and supervise company operations, while also outlining their responsibilities [2]. - The shareholder meeting is designated as the company's decision-making body for significant matters such as director elections, profit distribution, and capital changes [2]. Board of Directors - The board consists of 9 directors, including 1 chairman, responsible for convening shareholder meetings, executing resolutions, and determining business plans and investment strategies [2]. - Detailed regulations have been established for the composition, responsibilities, and procedural rules of various board committees, including the audit committee and the remuneration and assessment committee [2]. Senior Management - Senior management, including the general manager and financial director, must adhere to similar duties of loyalty and diligence as the board members [2]. - The general manager is appointed or dismissed by the board and is responsible for the company's operational management [2]. Financial and Profit Distribution - The revised articles comprehensively address financial accounting systems, profit distribution, auditing, and other corporate governance aspects [3]. - The company emphasizes investor returns while balancing its own development, specifying conditions and ratios for cash dividends and stock distributions [3]. Overall Impact - The revision of the articles of association is expected to enhance the company's governance level and lay a solid foundation for long-term development [3].