MEIG (03268) has released a draft of its Articles of Association, dated February 2026, which is intended for use after the issuance and listing of its H shares. This document clarifies the company’s governance structure, share capital provisions, and key responsibilities and authorities of decision-making bodies.

The draft specifies that the company’s share capital may be divided into different classes, including H shares, and that any issuance or decrease must comply with relevant laws and regulations. Rules on repurchasing shares, shareholders’ rights and obligations, and procedures for convening shareholders’ meetings are also affirmed. Special emphasis is placed on shareholder protection, with provisions allowing aggrieved stakeholders to pursue legal remedies in case of conflicts.

In detailing the board composition, seven directors oversee the company, including independent directors who form a significant part of the board. The board’s duties include convening general meetings, administering profit distribution, recommending mergers or splits, and determining significant investments or transactions. The document mandates that the chairman presides over board sessions and that major resolutions require a majority vote, with additional requirements for connected transactions.

The draft further outlines a comprehensive management structure. The general manager, appointed by the board, is responsible for overall operations, while senior management must meet specified professional and ethical criteria. The new rules also provide guidance on profit distribution, emphasizing stable dividends, and lay out procedures for internal auditing to ensure financial compliance. Provisions are outlined for dissolving or liquidating the company in line with applicable law, including requirements for appointing a liquidation committee.

Upon approval by the company’s shareholders’ meeting and relevant authorities, the document will formally govern MEIG (03268)’s corporate operations following its H share listing. Interested parties may refer to the announcement for further legal and procedural details regarding the draft’s implementation and effect.