China Oilfield Services Limited released an updated Articles of Association, reflecting multiple approvals by shareholders’ general meetings from September 2002 through December 2025. The document outlines the company’s founding, registered name, legal domicile, business purpose, scope of operations, share classification, governance structure, and financial principles.
Key sections specify share issuance, buy-back conditions, and protocols for capital increases or reductions. The Articles also detail procedures for convening shareholders’ general meetings, including notice periods, voting mechanisms, and the appointment of proxies. Additionally, the document addresses the composition and duties of the board of directors, including the establishment of specialized committees such as the audit committee, while emphasizing the requirement for independent directors.
Further points address the role of the chief executive officer, financial management systems, profit distribution guidelines, and circumstances warranting the merger, division, or dissolution of the company. Internal control and audit mechanisms, as well as the qualification requirements and obligations of directors and senior management, are also clarified.
The revised Articles highlight the orderly conduct of annual and interim financial reporting, underscore the protection of shareholder interests, and codify procedures for amending the company’s charter. Shareholders receive information through standardized notices or announcements, affirming the company’s commitment to compliance and transparency.
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