Summary by Futu AI
Ali Pictures has updated its articles of association and company bylaws, including all amendments as of August 30, 2024. This document consolidates past revisions but has not yet been officially adopted by the board of directors. The articles of association clearly define the responsibilities of shareholders, the issuance of shares, and the authorized share capital of the company. The authorized share capital of Ali Pictures is HKD 9,500,000,000, divided into 38,000,000,000 shares with a par value of HKD 0.25 per share. In addition, the document provides detailed information on the company's objectives and powers, as well as the composition and authority of the board of directors. The company bylaws section includes provisions regarding share capital, transfer of shares, shareholders' meetings, board of directors, senior personnel, registers of directors and senior personnel, meeting records, seals, document certification, dividends, and other payments. The document also mentions guarantees for director compensation, as well as provisions for amending the company bylaws and changing the articles of association and company name.