Summary by Moomoo AI
Ideal Autos operates under a Variable Interest Entity (VIE) model, mainly conducting Business through two operating entities: Peking Rockwells Technology and Peking Xindian Travel. The company implements a dual voting rights structure, with Class A ordinary shares offering one vote per share and Class B ordinary shares offering ten votes per share, but adopts the principle of equal rights for shares on specific reserved matters.The company is listed on the Hong Kong Stock Exchange, adopts US Generally Accepted Accounting Principles (US GAAP), and complies with regulatory requirements such as the Hong Kong Securities and Futures Ordinance and the Securities Trading Standards Code. The company has multiple Stock-based Incentive plans, including those from 2019, 2020, and 2021, and terminated the Automatic Trading...Show More
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