Ocean One Holding Ltd. (大洋環球控股有限公司) has officially adopted and implemented its Amended and Restated Articles of Association through a special resolution dated August 18, 2022, in accordance with The Companies Act (as revised) of the Cayman Islands. The document clarifies various corporate governance matters and outlines the rights and obligations of both the company and its shareholders under multiple articles.

The revised Articles cover key areas such as share capital, share rights, and the handling of share certificates. They detail the regulations on transfers, forfeitures, liens, as well as record dates for determining shareholder entitlements. Specific provisions address the responsibilities of the board of directors, the procedures for board meetings, and the establishment of committees. The new Articles also clarify the framework for dividend distribution, laying out guidelines for payment modes, interim dividends, record-keeping, and unclaimed funds.

In addition, the provisions outline procedures for capital restructuring, including the issue of warrants and the variation of share rights. They address company record requirements and explain the entitlements of those persons acquiring shares through transmission. Detailed sections specify the appointment and fees of directors, their executive responsibilities, and processes surrounding board decision-making. The amended document further describes the handling of management roles, officer duties, and the overarching mechanisms for corporate indemnification.

Finally, the Articles provide for the winding-up process, including asset distribution arrangements and the rights of shareholders in different scenarios. All updates are intended to ensure that corporate procedures remain consistent with the current legal framework and reflect governance best practices under Cayman Islands law.