Summary by Futu AI
Ali Pictures (stock code: 1060) announced on 29 May 2024 that the Board of Directors has proposed amendments to the Company Rules to comply with the latest regulatory requirements and the relevant amendments to the Listing Rules. The amendments include updating the rules to comply with a paperless listing mechanism, permitting the holding and disposal of company shares in the form of stock shares, and other internally managed amendments. The proposed amendment will be tabled by a special resolution at the Annual General Meeting and shall be subject to subsequent shareholder approval to take effect. The members of the Board include Executive Directors Fan Luoyuan, Li Jie, Mengchun, Non-Executive Director Ben-Hung, and Independent Non-Executive Directors Song Lixin, Teng Xiaoyuan, and Chen Zhihong.