Chapter 1 General Principles
Article 1
To protect the legitimate rights and interests of 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"), and other relevant provisions.
Article 2
The company is a joint-stock limited company established in accordance with the Company Law and other relevant provisions (hereinafter referred to as the "Company").
Article 3
The Company was established on May 25, 1993, with the approval of the Guangxi Zhuang Autonomous Region Reform Commission (Document No. 10 [1993]) through a targeted fundraising method. The total share capital at establishment was 45.05 million shares, including 28.8 million state shares, 7.24 million targeted corporate shares, and 9.01 million employee shares. The Company is registered with the Industry and Commerce Administration Bureau of Beiliu City, Guangxi (formerly Beiliu County) and has obtained a Business License for Enterprises. On September 5, 1996, the Company was approved by the China Securities Regulatory Commission (CSRC) to publicly issue 15.5 million A shares through the Shenzhen Stock Exchange trading system. On September 19 of the same year, the Company's shares were listed on the Shenzhen Stock Exchange, with a total circulating share capital of 20 million shares. The registration authority was changed to the Guangxi Zhuang Autonomous Region Administration for Industry and Commerce. The unified social credit code is 91450000200538358N.
Article 4
The registered name of the Company: Yang Guang New Industry Real Estate Co., Ltd.
Article 5
The registered address of the Company: No. 230 Jiangnan Road, Nanning Economic and Technological Development Zone, Nanning, Guangxi, Postal Code: 530031.
Article 6
The registered capital of the Company is RMB 749,913,309.
Article 7
The Company is a joint-stock limited company with perpetual existence.
Article 8
The Chairman or President serves as the legal representative of the Company. 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.
Article 9
The legal representative shall bear the legal consequences of civil activities conducted in the name of the Company. Restrictions on the powers of the legal representative set forth in these Articles or by the shareholders' meeting shall not be asserted against 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 recourse against the legal representative at fault in accordance with the law or these Articles.
Article 10
Shareholders shall be liable to the Company only to the extent of their subscribed shares, while the Company shall be liable for its debts with all its assets.
Article 11
These Articles shall become a legally binding document regulating the organization and behavior of the Company, as well as the rights and obligations of the Company and its shareholders, and between shareholders. Shareholders may sue other shareholders, and shareholders may sue the Company's directors and senior management. The Company may sue shareholders, directors, and senior management.
Article 12
The term "senior management" in these Articles refers to the President, Vice Presidents, Secretary of the Board, and financial officer of the Company.
Chapter 2 Business Purpose and Scope
Article 13
The Company's business purpose is to be people-oriented, market-oriented, and benefit-driven, seeking practicality, innovation, and progress, relying on science and technology and scientific management, continuously expanding, actively participating in market competition, creating a good corporate image, and generating better economic and social benefits.