Tianjin Construction Development Group Co., Ltd. clarifies multiple aspects of its governance structure in a newly released Articles of Association. The document comprises 12 chapters, detailing provisions on share issuance, corporate governance, financial systems, and profit distribution.

The Articles specify that the company was incorporated in Tianjin, with 215,794,749 RMB in registered capital following a public issuance of 53,950,000 ordinary shares. Domestic unlisted shares and H Shares are introduced as key components of the company’s capital structure.

The Board of Directors consists of nine members, including three independent non-executive directors, and supervises major matters such as the issuance of securities, outbound investments, and potential acquisitions. The Supervisory Committee, consisting of three members, oversees the Board and senior management, ensuring that corporate interests and regulatory compliance are maintained.

The Articles also cover organizational duties, stating that the company manager and other senior management will manage daily operations under the supervision of the Board. Specific chapters address financial and accounting systems, including the requirement to appropriate statutory provident funds and outline procedures for merger, spin-off, and potential dissolution or liquidation.

The newly announced Articles took effect upon approval by a shareholders’ general meeting. The company indicates that further amendments, if required, must also be filed and registered according to law, and shareholders will be notified of any changes to ensure transparency.