XPeng Inc. proposes amendments to its Existing Memorandum and Articles and adoption of New Memorandum and Articles to conform with Hong Kong Listing Rules' shareholder protection and governance standards, subject to shareholder approval at the forthcoming AGM.
Key takeaways
Board proposes amending ninth amended Existing Memorandum and Articles and adopting tenth amended New Memorandum and Articles.
Amendments conform with Core Shareholder Protection Standards including virtual general meetings and electronic voting.
Changes align with updated Corporate Governance Code terms for nomination committee.
Includes housekeeping changes.
Requires special resolution approval by Shareholders at forthcoming AGM.
Proxy statement/circular with AGM notice to be despatched in due course.