Comparison Table of Amendments to the Articles of Association
| Current Articles of Association | Amendments to the Articles of Association |
|---|---|
| Article 8: The Chairman shall be the legal representative of the company. The resignation of the Chairman shall be deemed as the simultaneous resignation of the legal representative. If the legal representative resigns, the company shall appoint a new legal representative within thirty days from the date of resignation. | Article 8: The legal representative of the company shall be a director or manager who executes the company's affairs, and shall be elected by a majority vote of the board of directors. If the director or manager serving as the legal representative resigns, it shall be deemed as the simultaneous resignation of the legal representative. |
| For civil activities conducted by the legal representative in the name of the company, the company shall bear the legal consequences. Any restriction on the powers of the legal representative by these Articles of Association or by a shareholders' meeting shall not be asserted against a bona fide third party. If the legal representative causes harm to others while performing their duties, the company shall bear civil liability. After the company bears civil liability, it may seek recourse from the negligent legal representative in accordance with the provisions of laws or these Articles of Association. | For civil activities conducted by the legal representative in the name of the company, the company shall bear the legal consequences. Any restriction on the powers of the legal representative by these Articles of Association or by a shareholders' meeting shall not be asserted against a bona fide third party. If the legal representative causes harm to others while performing their duties, the company shall bear civil liability. After the company bears civil liability, it may seek recourse from the negligent legal representative in accordance with the provisions of laws or these Articles of Association. |