Shanghai Chicmax Cosmetic Co., Ltd. has announced multiple amendments to its Articles of Association, reflecting resolutions passed at several Shareholders’ Meetings between December 2021 and September 2025. The most recent changes align with evolving regulatory requirements and corporate governance practices.

According to the document, the company’s total issued ordinary shares stand at 398,107,102, which includes 191,752,560 unlisted shares. The Articles of Association outline detailed provisions on shareholders’ rights and responsibilities, the structure of the General Meeting, and rules governing share transfers and repurchases. They also confirm the company’s status as a joint stock limited entity listed on the Main Board of the Hong Kong Stock Exchange.

The framework for the Board of Directors is highlighted, specifying nine directors (including one employee representative director) and a requirement that independent non-executive directors comprise not less than one-third of the board. The Articles detail procedures for electing and dismissing directors, define their fiduciary duties, and provide for internal committees overseeing nominations, remuneration, and audits.

Further sections address corporate financial management, dividend distribution, potential scenarios such as mergers or divisions, and rules for liquidation. The updated regulations reinforce the company’s commitment to transparency, compliance, and safeguarding shareholders’ interests.