Ningbo Joyson Electronic Corp. has published a comprehensive document titled “Articles of Association,” detailing its corporate governance structure, share issuance rules, board responsibilities, and profit distribution mechanism. According to this announcement, the company is duly established under Chinese law and has undergone several registered capital adjustments, including the issuance of RMB-denominated ordinary shares and planned overseas listing on The Stock Exchange of Hong Kong Limited.

These Articles of Association outline the rights and obligations of shareholders, directors, and senior management, emphasizing legal compliance in share repurchases, transfer restrictions, and the supervision of significant external guarantees. The document also clarifies procedures for shareholders’ meetings, board composition, election norms for directors and supervisors, and the roles of special committees such as Audit and Strategy & ESG.

A notable highlight addresses the company’s profit distribution policy, which may take the form of cash or stock dividends. The document sets specific thresholds and conditions for allocating distributable profits, detailing how major expenditures or investments could influence the dividend plan. In addition, it includes clauses on liquidation procedures, auditing requirements, and protocols for merger or division scenarios.

Released with plans for potential listing on the Hong Kong stock market before October 2025, these updated Articles of Association, dated December 6, 2024, will guide the company’s operations and compliance obligations in both domestic and overseas markets.