Company: TCOM
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-078429
Chunk: 167

Company: Trip.com Group Ltd
Filing Date: 2025-04-11
Form: 20-F
Item: Item 6
Chunk 167
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ary duties to our company, including a duty of loyalty to act honestly and in good faith in the best interests of our company. Our directors must also exercise their powers only for a proper purpose. Our directors also owe to our company a duty to act with skill and care. It was previously considered that a director need not exhibit in the performance of his duties a greater degree of skill than what may reasonably be expected from a person of his knowledge and experience. However, English and Commonwealth courts have moved towards an objective standard with regard to the required skill and care, and these authorities are likely to be followed in the Cayman Islands. In fulfilling their duty of care to us, our directors must ensure compliance with our memorandum and articles of association, as amended and restated from time to time, and the class rights vested thereunder in the holders of the shares. Our company has the right to seek damages if a duty owed by our directors is breached. A shareholder may in certain exceptional limited circumstances have rights to seek damages if a duty owed by the directors is breached. 
 Our board of directors has all the powers necessary for managing, and for directing and supervising, our business affairs. The functions and powers of our board of directors include, among others: 
 

•   convening shareholders’ annual general meetings and reporting its work to shareholders at such meetings;
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•   declaring dividends and distributions;
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•   appointing officers and determining the term of office of the officers;
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•   exercising the borrowing powers of our company and mortgaging the property of our company; and
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•   approving the transfer of shares in our company, including the registration of such shares in our share register.
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 Terms of Directors and Officers 
 All directors hold office until their successors have been duly elected and qualified unless such office is vacated earlier in accordance with the articles of association. A director may only be removed by the shareholders who appointed such director, except in the case of ordinary directors, who may be removed by ordinary resolutions of the shareholders, save that for as long as our company remains listed on the Hong Kong Stock Exchange, the shareholders may by ordinary resolution remove any director. Officers are elected by and serve at the discretion of the board of directors. 
 D. Employees
As of December 31, 2024, we, our subsidiaries, and the VIEs and VIEs’ subsidiaries had 41,073 employees, including 3,024 in management and administration, 16,383 in our