Bama Tea Co., Ltd. promulgated its latest Articles of Association, intended to take effect after the issuance of H shares in October 2025. The document details the Company’s governance structure, share capital regulations, and procedures for convening shareholders’ general meetings, placing particular emphasis on safeguarding shareholder interests and clarifying the duties of directors and senior management.

The Articles outline the rights and obligations of shareholders, stipulating that the general manager serves as the Company’s legal representative and highlighting procedures for capital modifications, including share repurchases, capital increases, and reductions. They also formalize the division of responsibilities between the board of directors and senior management, with a focus on transparency and supervision. Notably, the Company will not form a board of supervisors but instead utilize an audit committee of the board of directors to oversee financial and operational matters. The document further specifies regulations for shareholder meetings, including required notice periods, voting rules, and provisions regarding profit distribution and liquidation procedures.

Following its planned H-share issuance on the Hong Kong Stock Exchange, Bama Tea Co., Ltd. will implement these updated governance measures, underscoring efforts to align with regulatory standards and protect the interests of investors. The Articles of Association address a wide range of corporate practices, reflecting a system designed to ensure responsibility and compliance with relevant laws and regulations.