REPT BATTERO Energy Co., Ltd. published its revised Articles of Association following its filing with the China Securities Regulatory Commission on October 19, 2023. According to the document, the Company has a registered capital of RMB2,336,874,050 and is incorporated as a joint stock limited company offering overseas-listed foreign shares (H Shares) in Hong Kong.

The Articles detail REPT BATTERO Energy’s business scope, which includes battery manufacturing, battery sales, energy storage technology services, and related operations. They also outline rights and obligations of shareholders, rules governing the Board of Directors, and the role of the Supervisory Committee. The Board consists of 12 directors, including independent non-executive directors, while the Supervisory Committee comprises shareholder-appointed members and employee representatives.

The new framework clarifies procedures for shareholder general meetings, addresses profit distribution policy (such as allocation to statutory reserve funds), and specifies mechanisms for liquidation and dissolution under certain conditions. It stipulates compliance with Chinese and international accounting standards to ensure transparent audit and financial disclosure practices.

These Articles of Association took effect on the date when REPT BATTERO Energy Co., Ltd.’s H Shares were listed on the Hong Kong Stock Exchange. They serve as the guiding document for governance, financial oversight, and operational compliance of REPT BATTERO Energy Co., Ltd.