Estun Automation Co., Ltd. (Estun), stock code 02715, issued an updated version of its Articles of Association (the “Articles”) to take effect upon its contemplated H-share issuance and listing in January 2026. The document outlines the company’s legal framework, shareholders’ rights, issuance details, governance mechanisms, and procedures for profit distribution.

Under these revised Articles, the authorized share capital includes 871,018,453 A shares and a proposed issuance of ordinary H shares. Estun highlights clear rights for shareholders, stipulating how general meetings are convened and how voting is conducted. The board comprises nine directors, including three independent directors and one employee director. The Articles also detail Estun’s committees, including the Audit Committee, which assumes supervisory duties over financial disclosures and internal controls, and other committees such as the Strategy Committee, Nomination Committee, Remuneration and Appraisal Committee, and the Environmental, Social and Governance (ESG) Committee.

The revised Articles incorporate policies related to capital changes, share repurchase, liquidation, and audit arrangements. They set specific rules for profit distribution, prioritizing cash dividends if Estun’s financial conditions and operational plans permit. The new provisions also clarify the duties of senior management, emphasizing the chief financial officer’s obligation to safeguard the company’s financial independence. The document further outlines requirements for announcements and notices, ensuring transparency for shareholders and market participants. These Articles become effective once approved at the general meeting and are subject to the final registration and filing processes.