Summary by Moomoo AI
Ya Life Services announced on 25 March 2024 that under the new regulations of the State Council of China and the Securities and Exchange Commission of China, as well as amendments to the Listing Rules of the Hong Kong Stock Exchange Limited, the Board of Directors proposed an amendment to the Articles of Association of Hong Kong. The amendment aims to remove outdated terms, reflecting changes in China's new regulations and listing rules. Major changes include that equity holders and H-share holders will no longer be treated as different classes of shareholders, and H-share holders will be able to resolve disputes through the courts, no longer limited to arbitration. The Board considers that this amendment will not prejudice shareholders' protection. The amendments are subject to the adoption of a special resolution at the Annual General Meeting and the Company will issue to shareholders a circular containing the details of the amendments in due course.