Chapter 1 General Principles
Article 1
To protect the legitimate rights and interests of Hubei Ping An Electric Technology 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 Guidelines for Articles of Association of Listed Companies, the Shenzhen Stock Exchange Listing Rules, and other relevant regulations.
Article 2
The Company is a joint-stock limited company established in accordance with the Company Law and other relevant regulations. The Company is registered with the Market Supervision Administration of Xianning City and has obtained a business license, with a unified social credit code of 91421200331822340K.
Article 3
On September 11, 2023, the Company was approved by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") to issue 46,380,000 ordinary shares to the public, and it was listed on the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") on March 28, 2024.
Article 4
The registered name of the Company is: Chinese name: 湖北平安电工科技股份公司; English name: Pamica Technology Corporation.
Article 5
The Company's address is: No. 242, Tongcheng Avenue, Tongcheng County, Xianning City, Hubei Province, Postal Code: 437400.
Article 6
The registered capital of the Company is RMB 185,503,165.
Article 7
The Company is a joint-stock limited company with perpetual existence.
Article 8
The manager of the Company serves as the legal representative. If the manager resigns, it is deemed that they have 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 be elected or replaced by a majority of the directors.
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 of Association 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 of Association.
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 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 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 12
The term "senior management" in these Articles of Association refers to the manager, deputy managers, financial officer, and board secretary of the Company.
Article 13
The Company shall establish an organization of the Communist Party of China in accordance with the Constitution of the Communist Party of China. The Company shall establish a working organization for the Party and carry out Party activities. The Company shall provide necessary conditions for the activities of the Party organization, and the organization and personnel of the Party shall be included in the Company's management structure and staffing, ensuring funding for the Party's work.