Shandong International Trust Co., Ltd. (SDITC) has announced plans to revise its Articles of Association and Procedural Rules for the Board to align with the Measures for the Administration of Trust Companies and the Model Articles of Association for Shandong Provincial State-owned Enterprises.
The proposed amendments will be submitted to shareholders for approval at an upcoming general meeting and will also require clearance from the Shandong Office of the National Financial Regulatory Administration. Conditional on these approvals, the Board intends to delegate authority to senior management to incorporate any regulatory feedback and complete the necessary filings with market supervision and administration authorities.
Separately, SDITC has relocated its principal place of business in the PRC to partial areas of the 1st, 2nd, 13th and 32-35th floors of Tower A, No. 2788 Aoti West Road, Lixia District, Jinan, Shandong Province. The registered address will be updated to the same location once industrial and commercial registration procedures are finalized.
A circular detailing the resolutions and the notice of the general meeting will be dispatched to shareholders in due course.