Summary by Moomoo AI
In a special resolution of 30 May 2024, Hong Kong Telecommunications Limited adopted the third revised and restated Articles of Association and the Articles of Association. The amendment covers a number of aspects of the company's transfer of shares, dividend policy, board powers, auditor duties, and more. This amendment aims to align the company's articles of association with the provisions of the trust agreement and comply with the relevant provisions of Cayman Islands company law. The amendments include an update of provisions on the delivery of the notice of the general meeting, the procedures for board meetings, share capitalization, and the distribution of assets after liquidation. In addition, the amendment also relates to the Board's policy of declaring and distributing 100% of the Group's adjusted capital flows to the Trustees - Managers, as appropriate, after potential debt repayment. The passage of the amendment will further regulate the corporate governance structure and provide clearer protection for shareholders' interests.