Chapter 1 General Principles
Article 1
To protect the legitimate rights and interests of Zhejiang Bofay Electric Co., Ltd. (hereinafter referred to as "the Company"), shareholders, employees, 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"), the Shenzhen Stock Exchange Listing Rules, the Guidelines for Articles of Association of Listed Companies, and other relevant regulations.
Article 2
The Company is established through the overall change of Jiaxing New Mainland Electromechanical Co., Ltd. in accordance with the Company Law and other relevant regulations, registered with the Jiaxing Market Supervision Administration, and has obtained a Business License with a unified social credit code of 91330481799606731M.
Article 3
On August 2, 2022, the Company was approved by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") to issue 20 million ordinary shares to the public for the first time, and was listed on the Shenzhen Stock Exchange on September 30, 2022. Stock abbreviation: Bofay Electric, Stock code: 001255.
Article 4
The registered Chinese name of the Company is 浙江博菲电气股份有限公司. The full English name is ZHEJIANG BOFAY ELECTRIC CO., LTD.
Article 5
The Company's address is No. 16 Hangping Road, Haining Economic Development Zone, Haining City, Zhejiang Province. Postal code: 314400.
Article 6
The registered capital of the Company is RMB 86,450,184.
Article 7
The Company is a perpetual joint-stock company.
Article 8
The legal representative of the Company shall be the chairman of the board of directors, elected by the board of directors. If the chairman resigns, it is deemed that he/she has simultaneously resigned as the legal representative. Upon the resignation of the legal representative, the Company shall determine a new legal representative within thirty days from the date of resignation. 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 in these Articles of Association or by the shareholders' meeting shall not be opposed to bona fide third parties. The Company shall bear civil liability for damages caused by the legal representative in the performance of duties. After the Company bears civil liability, it may seek compensation from the legal representative at fault according to the law or these Articles of Association.
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 of Association shall take effect from the date of their promulgation and shall serve as 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 among shareholders. According to these Articles of Association, shareholders may sue other shareholders, shareholders may sue the Company's directors and senior management, and the Company may sue shareholders, directors, and senior management.
Article 11
The term "senior management" in these Articles of Association refers to the general manager, deputy general managers, financial officer, board secretary, and other personnel as stipulated in these Articles of Association.
Article 12
The Company shall establish a Communist Party organization and carry out party activities in accordance with the regulations of the Communist Party of China. The Company shall provide necessary conditions for the activities of the party organization.