Chongqing Machinery & Electric Co., Ltd. (abbreviated as CQME, Stock Code: 02722) has issued an updated version of its Articles of Association, incorporating multiple amendments since its initial passage at the 2007 second extraordinary general meeting. The document outlines core elements of governance, share structure, shareholder rights and obligations, and procedural frameworks for company operations.
According to the announcement, the Company’s registered capital consists of 3,684,640,154 shares, categorized into 70.14% domestic-invested shares and 29.86% overseas-listed foreign-invested shares (H shares). The newly amended Articles detail that the Board remains the primary decision-making authority, comprising 11 directors (including independent non-executive directors forming at least one-third of the Board), with specific roles for the Chairman, general manager, and secretary of the Board. Procedures are clarified for shareholders’ rights to convene extraordinary meetings, transfer or repurchase shares, and oversee party-related transactions.
The revised Articles also highlight the established Party Committee’s leadership role, emphasizing the coordination of Party building with corporate governance. Additionally, the financial and accounting systems, including the principles of profit distribution and reserve fund allocation, are re-emphasized. The scope of external guarantees and protocols for major asset transactions also appear in the amendments to ensure clear compliance.
These revisions culminate in the thirteenth amendment, approved at the 2025 first extraordinary general meeting on 28 October 2025, demonstrating the Company’s ongoing adherence to the PRC Company Law, Securities Law, and relevant regulatory provisions. The complete version of the updated Articles of Association is available for inspection, reaffirming the rights of shareholders and procedural requirements for corporate decision-making. The announcement underscores that these amendments have taken effect upon approval, aiming to maintain transparent governance and consistent operational standards.