Beijing Digital Telecom Co., Ltd. released a revised Articles of Association outlining the corporate structure, shareholder rights, and governance principles. The document clarifies the functions and powers of the Board of Directors, the Audit Committee’s authority, and the procedures for shareholder meetings.

Key points include the scope of business covering the wholesale and retail of telecommunication devices, technology services, import and export of goods, and other operations permitted by relevant laws. The revised Articles confirm that shareholders hold equal rights and obligations, set detailed regulations on changes to share capital, repurchasing procedures, and lay out requirements for external guarantees above certain thresholds to be reviewed by the General Meeting.

The Company’s Board of Directors is composed of nine members, including independent non-executive directors and an employee representative. The Chairman is elected by more than half of the total number of Directors. The Board exercises decision-making authority on significant matters, ranging from investment plans to the appointment of senior executives. The document also outlines procedures for internal audit operations and the appointment of accounting firms.

Regarding profit distribution, the revised Articles specify that dividends must be distributed on time once approved, and the Company must maintain statutory reserves as required by law. The Articles also define circumstances for dissolution, liquidation, and merger or division, placing emphasis on procedures such as notice to creditors and the submission of relevant plans to the General Meeting.

This updated framework aims to enhance operational transparency, safeguard shareholder and creditor rights, and strengthen governance in line with applicable legal and regulatory requirements.