Chapter 1 General Principles
Article 1
To protect the legitimate rights and interests of Beijing Victory Electric Co., Ltd. (hereinafter referred to as "the Company" or "this 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 laws, administrative regulations, departmental rules, and normative documents, combined with the actual situation of the Company.
Article 2
The Company is a joint-stock limited company established in accordance with the Company Law and other relevant provisions. The Company was established by the original Beijing Victory Electric Co., Ltd. through a comprehensive change and is registered with the Market Supervision Administration of Tongzhou District, Beijing, obtaining a business license, with a unified social credit code of 91110112756036089M.
Article 3
The Company was registered with the China Securities Regulatory Commission (hereinafter referred to as "CSRC") on January 28, 2026, and issued 62,333,334 shares of RMB ordinary stock to the public for the first time, which were listed on the Shenzhen Stock Exchange on May 15, 2026.
Article 4
The registered name of the Company is Beijing Victory Electric Co., Ltd.; the English name of the Company is Beijing Victory Electric Co., Ltd.
Article 5
The Company's address is 1st Floor, Building 1, No. 8 Jufu South Road, Tongzhou District, Beijing, Postal Code: 101105.
Article 6
The registered capital of the Company is RMB 249,333,334.
Article 7
The Company is a joint-stock limited company with perpetual existence.
Article 8
The chairman of the board serves as the legal representative of the Company. If the chairman resigns, it is deemed that they have simultaneously resigned as the legal representative. If the legal representative resigns, 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 take effect from the date of their adoption and shall serve as a 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, 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 refers to the general manager, deputy general managers, board secretary, and financial officer of the Company.
Article 13
The Company shall establish a Communist Party organization and carry out Party activities in accordance with the provisions of the Communist Party of China.
Chapter 2 Business Purpose and Scope
Article 14
The Company's business purpose is to operate in accordance with national laws, regulations, and relevant international practices, adopting a standardized joint-stock company operation model, based on honesty and credit, and adhering to legal operations. The Company aims to leverage the advantages of joint-stock and diversified operations, continuously improve its management level, promote comprehensive development, ensure the safety and appreciation of all shareholders' investments, achieve satisfactory returns, and create good social benefits.