Summary by Futu AI
China Suntien recently announced the updated company charter, which will come into effect from the date of approval of the special resolution. The new charter covers many aspects of the company's organizational structure, management responsibilities, financial reporting system, profit distribution policy, mergers and splits, dissolution and liquidation, etc. This includes the composition and powers of the board of directors, special powers of independent directors, establishment and responsibilities of the supervisory board, selection and obligations of senior management, regulations on financial accounting reports, profit distribution principles and policies, procedures for company mergers and splits, regulations for company dissolution and liquidation. The implementation of the new charter aims to strengthen the corporate governance structure, improve management efficiency, and safeguard shareholder rights.