Summary by Futu AI
BYD Company Limited revised its articles of association in June 2024 to regulate the company's organizational behavior and protect the legitimate rights and interests of shareholders and creditors. The revised articles cover many aspects, including the general provisions of the company, the rights and obligations of shareholders and stocks, the powers and duties of the board of directors and the supervisory board, the qualifications and duties of senior management, the financial accounting system, profit distribution policy, company merger and division, liquidation procedures, etc. This revision emphasizes the company's return to investors, especially the cash dividend policy, and makes clear provisions for the responsibilities and duties of directors, supervisors, presidents, and senior management, as well as the preparation and review process of the company's financial statements. The revised articles will better guide the company's operation and protect the interests of investors.