SICC Co., Ltd. recently released a comprehensive update to its Articles of Association. The document outlines the company’s organizational structure, the scope of business, and the specific rights and obligations of shareholders, directors, and senior management members. It further clarifies procedures for share issuance, transfer, and repurchase, as well as regulations for convening general meetings and approving key matters such as mergers, divisions, major transactions, and external guarantees.

In addition, the revised Articles of Association provide guidance on financial and accounting systems, profit distribution principles, and internal audit requirements. They also detail the procedures for capital changes, dissolution, and liquidation. According to the document, the Board of Directors, composed of executive directors, non-executive directors, and independent directors, bears ultimate oversight responsibility. The newly updated charter is effective immediately and is intended to enhance corporate governance and transparency as the company continues its business operations.