PetroChina (857) Proposes Revisions to Articles of Association and Meeting Procedures

Bulletin Express
Oct 31

PetroChina Company Limited (Stock Code: 857) has released a series of proposed amendments focused on three core areas: its Articles of Association, the procedural rules for general meetings, and the procedural rules for the board of directors.

These newly proposed changes aim to align the Company’s governance framework with updated legal and regulatory requirements, including revisions to the people’s republic company law and corresponding listing rules. Notable provisions cover clarifying the appointment processes and voting procedures of directors, strengthening information disclosure obligations, and fine-tuning the roles of specialized committees such as the nomination committee and the audit and risk management committee.

Among the amendments, there are plans to consolidate management structures and enhance board oversight. In addition, certain existing rules have been reorganized or renumbered to streamline the compliance framework. The Company stated that details of these proposals, along with relevant supporting documents, will be dispatched to shareholders in due course. The adoption of any revisions remains subject to approval at a forthcoming general meeting.

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