The board of Kuaishou Technology has proposed replacing the company’s existing memorandum and articles of association with an updated version designed to align with recent Hong Kong Stock Exchange requirements.
Key changes focus on three areas:
1. Core Shareholder Protection Standards • The new document permits shareholders to attend general meetings virtually and vote electronically, bringing the company in line with Appendix A1 of the Listing Rules.
2. Corporate Governance Code Alignment • Amendments incorporate the latest terms of reference for the nomination committee, satisfying Appendix C1 of the Listing Rules.
3. Housekeeping Updates • Additional adjustments aim to synchronise the company’s governing documents with other Listing Rule provisions and applicable laws.
Implementation of the new memorandum and articles is contingent on shareholder approval via special resolution at the annual general meeting scheduled for 25 June 2026. A detailed circular and AGM notice will be issued in due course.