Summary by Moomoo AI
BYD Company Limited revised its articles of association in June 2024 to regulate the organization behavior, safeguard the legal rights and interests of shareholders and creditors. The amended articles cover many aspects, including the general provisions of the company, rights and obligations of stocks and shareholders, duties of the board of directors and the supervisory board, qualification obligations of senior management personnel, financial accounting system, profit distribution policy, company mergers and divisions, liquidation procedures, etc. This revision emphasizes the company's return to investors, especially the cash dividend policy, makes clear provisions on the duties and obligations of directors, supervisors, the president, and senior management personnel, as well as regulates the preparation and audit process of the company's financial reports. The amended articles will better guide the operation of the company and protect the interests of investors.