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"), the Constitution of the Communist Party of China (hereinafter referred to as the "Party Constitution"), and other relevant provisions.
Article 2
The company is a joint-stock limited company established in accordance with the Company Law and other relevant regulations (hereinafter referred to as the "Company"). The Company is established through public fundraising and is registered with the Market Supervision Administration of Henan Province, obtaining a business license for legal entities with a unified social credit code: 914100001700014285.
Article 3
The Company was approved by the China Securities Regulatory Commission on August 18, 1999, to issue 75 million shares of ordinary shares to the public for the first time, and was listed on the Shenzhen Stock Exchange on October 21, 1999.
Article 4
The registered name of the Company is: 新乡化纤股份有限公司 (Chinese name) and XINXIANG CHEMICAL FIBER CO., LTD (English name).
Article 5
The Company's address is: Economic and Technological Development Zone, Xinxiang, Henan Province, Postal Code 453000.
Article 6
The registered capital of the Company is RMB 1,656,899,922.00.
Article 7
The Company is a joint-stock limited company with perpetual existence. The operational period of the Company is long-term.
Article 8
The legal representative of the Company shall be the director who represents the Company in executing its affairs, with the chairman serving as the executing director. If the legal representative resigns, it is deemed that they have simultaneously resigned from the position of 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. Any 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 assumes civil liability, it may seek recourse from the legal representative at fault in accordance with the law or these Articles.
Article 10
All assets of the Company are divided into equal shares, and shareholders are liable to the Company only to the extent of their subscribed shares. 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 between the Company and its shareholders, and among shareholders. According to these Articles, shareholders may sue other shareholders, and shareholders may sue the Company's directors, managers, and other senior management personnel. The Company may sue shareholders, directors, managers, and other senior management personnel.
Article 12
The term "senior management personnel" in these Articles refers to the general manager, deputy managers, financial officer, board secretary, chief engineer, and other personnel as stipulated in these Articles.