Chapter 1 General Principles
Article 1 In order to protect the legitimate rights and interests of the company, shareholders, and creditors, and to regulate the organization and behavior of the company, these Articles of Association 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 regulations.
Article 2 The company is a joint-stock limited company established in accordance with the "Guidelines for Joint-Stock Limited Companies" and the Company Law and other relevant regulations (hereinafter referred to as the "Company"). The company was established with the approval of the Changzhou Municipal Planning Commission, document No. 44 (1987) regarding the establishment of Jinshi Bicycle (Group) Co., Ltd., and registered with the Changzhou Administration for Industry and Commerce on March 12, 1987, obtaining a business license.
Article 3 From May 28, 1987, to May 1990, with the approval of the Changzhou Branch of the People's Bank of China and the Changzhou Branch of the Industrial and Commercial Bank of China, and with the consent of the Jiangsu Branch of the People's Bank of China, the company issued 7.49 million ordinary shares to the public and 13 million domestic shares subscribed in RMB by social legal entities, with a total share capital of 50.29 million shares (of which 29.8 million shares were contributed by the founding partner, Changzhou Bicycle General Factory, using part of its existing assets). In March 1994 and March 1995, the company’s shareholders' meeting resolved to distribute retained earnings to public shareholders, distributing 2.996 million shares in 1993 and 3.93225 million shares in 1994. By the end of 1995, the total share capital of the company was 57.21825 million shares, including 29.8 million shares from the founding partner, 13 million shares from social legal entities, and 14.41825 million shares from the public. The changes in shares and capital structure have been confirmed by the Jiangsu Provincial Reform Commission document No. 470 (1996). The domestic shares issued to domestic investors were listed on the Shenzhen Stock Exchange on May 29, 1998.
Article 4 The registered name of the company is Jiangsu Yanhuang Online Logistics Co., Ltd. The abbreviated Chinese name is Yanhuang Logistics. The English name of the company is JIANGSU CHINESE ONLINE LOGISTICS CO., LTD., and the English abbreviation is CHINESELOGISTICS.
Article 5 The company’s address is No. 9 Taihu East Road, Xinbei District, Changzhou, Jiangsu. Postal code: 213022.
Article 6 The registered capital of the company is RMB 63,648,789.
Article 7 The company is a joint-stock limited company with perpetual existence.
Article 8 The chairman of the board is the legal representative of the company.
Article 9 All assets of the company are divided into equal shares, and shareholders are liable to the company only to the extent of their shares. The company is liable for its debts with all its assets.
Article 10 These Articles of Association 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 shareholders, and among shareholders. According to these Articles, shareholders may sue other shareholders, shareholders may sue the company’s directors, supervisors, and senior management, and the company may sue shareholders, directors, supervisors, and senior management.
Article 11 The term "senior management" in these Articles refers to the president, vice presidents, board secretary, and financial officer of the company.
Chapter 2 Business Purpose and Scope
Article 12 The company’s business purpose is to strive for the maximization of corporate value in logistics and new materials through hard work, and to continuously provide technologies, products, and services that reflect the characteristics of the enterprise in collaboration with partners, thereby rewarding customers, shareholders, partners, employees, the community, and the government.