BAIC BluePark approves new articles of association

BAIC BluePark New Energy Technology Co. Ltd. announced the approval of its updated articles of association by the company's third extraordinary general meeting of shareholders in 2025. The revised articles, which govern the company's organization and conduct, are now effective.

Key updates include a registered capital of RMB 5,573,503,169 and a board of directors comprising 9 members, including a chairman and at least one-third independent directors. The company's business scope encompasses research, design, and sales of automobiles, parts, and related technologies, along with various consulting and management services.

Significant transactions, such as those involving asset values or net assets exceeding 10% of the company's latest audited total assets or net assets, respectively, and exceeding RMB 10 million, require board approval. Larger transactions, specifically those surpassing 50% of the latest audited total assets or net assets and exceeding RMB 50 million, necessitate shareholder approval.