Chapter 1 General Principles
Article 1
To protect the legitimate rights and interests of Nanjing Red Sun Co., Ltd. (hereinafter referred to as "the Company"), shareholders, employees, and creditors, and to regulate the organization and behavior of the Company, these Articles are formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Law on State-Owned Assets of Enterprises, the Interim Regulations on the Supervision and Administration of State-Owned Assets of Enterprises, the Constitution of the Communist Party of China, and other laws, administrative regulations, rules, and normative documents.
Article 2
The Company is a joint-stock limited company established in accordance with the Company Law and other relevant provisions. The Company was approved by the Nanjing Municipal Reform Commission with document No. Ningti Gai Zi (92) No. 036, and was established with Nanjing Paint Factory as the main body; it is registered with the Nanjing Market Supervision Administration and has obtained a business license. The Company's unified social credit code is: 91320100134900928L.
Article 3
In 1993, the Company was approved by the Nanjing Municipal Reform Commission, the Nanjing Municipal People's Government, and the China Securities Regulatory Commission to issue 25 million ordinary shares to the public, all of which were issued to domestic investors in RMB. Among these, 20 million shares were public shares, and 5 million shares were legal person shares. On October 28, 1993, the 20 million public shares issued by the Company were listed on the Shenzhen Stock Exchange.
Article 4
The registered name of the Company is:
- Chinese Name: 南京红太阳股份有限公司
- English Name: NANJING RED SUN CO., LTD.
Article 5
The Company's address is: No. 8 Dongfeng Road, Yaxi Town, Gaochun District, Nanjing, Jiangsu Province; Postal Code: 211303.
Article 6
The registered capital of the Company is RMB 1,303,108,541.
Article 7
The Company's business term is from June 13, 1991, to October 11, 2046.
Article 8
The director representing the Company in executing affairs is the legal representative of the Company, and the method of their appointment and change shall be executed in accordance with the relevant provisions of these Articles. If the legal representative resigns, it is deemed that they have simultaneously resigned from their position as the legal representative. Upon resignation of the legal representative, the Company shall determine a new legal representative within thirty days from the date of resignation. The legal consequences of civil activities conducted by the legal representative in the name of the Company shall be borne by the Company. Restrictions on the powers of the legal representative in these Articles or by the shareholders' meeting shall not be opposed to bona fide third parties. If the legal representative causes damage to others while performing their duties, the Company shall bear civil liability. After the Company bears civil liability, it may seek compensation from the legal representative at fault in accordance with the law or these Articles.
Article 9
Shareholders shall be liable to the Company only to the extent of their subscribed shares, and the Company shall be liable for its debts with all its assets.
Article 10
These Articles shall take effect from the date of their enactment and shall become a legally binding document regulating the organization and behavior of the Company, as well as the rights and obligations between the Company and its shareholders, and among shareholders. According to these Articles, shareholders may sue other shareholders, shareholders may sue the Company's directors and senior management, the Company may sue shareholders, directors, and senior management.