Anker Innovations Technology Co., Ltd. (ticker: ANKER) has released its updated Articles of Association in preparation for its forthcoming dual-listing on the Main Board of The Stock Exchange of Hong Kong. The document lays out the company’s legal foundation, corporate governance architecture, capital framework and shareholder-oriented policies. Key points are as follows:

Corporate Profile and Capital Structure • Anker Innovations was re-registered as a joint-stock company in 2016 via the overall conversion of Hunan Oceanwing E-Commerce Co., Ltd. • The company went public on the Shenzhen Stock Exchange in August 2020 after issuing 41 million A shares. • For its Hong Kong listing, Anker plans to issue an undisclosed number of H shares (par value RMB1) following CSRC filing and HKEX approval. A shares and H shares will carry identical voting rights. • Initial share capital stood at 30 million shares; post-listing totals will be updated upon completion of the H-share offer.

Share Issuance, Repurchase and Transfer • Share issuance must observe “openness, fairness and impartiality”; terms are identical within each class. • The company can repurchase shares for purposes such as reducing capital, equity incentives, convertible bond redemption or safeguarding shareholder value; aggregate treasury shares are capped at 10 % of total issued capital and must be disposed of or cancelled within defined timetables. • Founding shareholders’ pre-IPO shares are subject to a one-year lock-up; directors and senior executives face additional transfer restraints (annual disposal ≤ 25 % of holdings and post-resignation lock-up of six months).

Shareholder Rights and Meeting Rules • Shareholders have standard voting, dividend, supervisory and litigation rights. • Annual general meetings must be held within six months of each fiscal year-end; extraordinary meetings are mandatory when directors fall below statutory numbers, losses exceed one-third of equity, or ≥ 10 % shareholders so request. • Major transactions—asset deals exceeding 30 % of total assets, significant guarantees, related-party transactions above RMB30 million and 5 % of net assets, and equity incentive plans—require shareholder approval.

Board Composition and Committees • The Board comprises nine directors: at least three independent directors and one employee representative; any director’s term is three years, renewable. • Key committees: – Audit Committee (three non-executive directors; functions as statutory supervisory body). – Nomination Committee. – Remuneration & Appraisal Committee. – Strategy Committee. • The chairman leads governance; the Board must meet at least quarterly, and ad-hoc meetings can be called by shareholders holding ≥ 10 % of voting rights, one-third of directors, or the Audit Committee.

Senior Management • A general manager heads daily operations, assisted by several deputy general managers, a chief financial officer and a board secretary. • Senior management must not concurrently draw remuneration from controlling shareholders and are bound by fiduciary and diligence duties akin to directors.

Dividend and Profit Distribution Policy • Statutory reserve allocation: minimum 10 % of annual after-tax profit until reserves reach 50 % of registered capital. • Cash dividends prioritised; at least 20 % of distributable profit to be paid in cash annually while the company remains in its current growth phase with significant capex plans. • Interim cash dividends are permitted, subject to profitability and liquidity. • No profit distribution allowed if the company posts an audit opinion with material uncertainty, has an asset-liability ratio above 70 %, experiences negative operating cash flow, or faces major capital expenditure commitments.

Audit and Disclosure • Periodic reporting: annual reports within four months after year-end; interim reports within two months after mid-year (A shares) and three months (H shares). • An external accounting firm is appointed annually by shareholders; the Audit Committee oversees engagement, dismissal and evaluation.

Change of Capital, Merger, Spin-Off and Liquidation • Detailed procedures cover mergers (by absorption or establishment), spin-offs, capital increases/reductions, and dissolution. • The company must notify creditors within 10 days and announce within 30 days when initiating merger, spin-off or capital reduction processes. • Liquidation committees, comprising directors, are to be formed within 15 days of dissolution events; residual assets to be distributed proportionally after liabilities are settled.

Implementation The updated Articles take effect upon the listing of Anker Innovations’ H shares on HKEX, superseding previous versions.