Chapter 1 General Principles
1.1 In order to protect the legitimate rights and interests of Zhejiang Kan Specialities Material Co., Ltd. (hereinafter referred to as "the Company" or "this Company"), shareholders, employees, and creditors, and to standardize 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 regulations.
1.2 The Company is a joint-stock limited company established in accordance with the Company Law and other relevant regulations. The Company was approved by the People's Government of Zhejiang Province with document No. Zhe Zheng Wei [1997] 156, and was established by way of sponsorship; it is registered with the Zhejiang Provincial Market Supervision Administration and has obtained a business license with the unified social credit code 913300007047850454.
1.3 The Company was approved by the China Securities Regulatory Commission with document No. Zheng Jian Fa [2004] 89, and publicly issued 30 million ordinary shares of RMB on June 25, 2004, and was listed on the Shenzhen Stock Exchange on July 5, 2004.
1.4 The registered name of the Company: Zhejiang Kan Specialities Material Co., Ltd.
1.5 The Company's address: No. 1008, Kan Road, Miaogao Street, Suichang County, Lishui City, Zhejiang Province, Postal Code: 323300.
1.6 The registered capital of the Company is RMB 467,625,470.
1.7 The Company is a perpetual joint-stock limited company.
1.8 The legal representative of the Company shall be a director who represents the Company in executing its affairs, elected by the board of directors. The chairman of the Company shall be the director representing the Company in executing its affairs. If the director serving as the legal representative resigns, it shall be 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.
1.9 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 bears civil liability, it may seek compensation from the legal representative who is at fault in accordance with the law or these Articles.
1.10 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.
1.11 These Articles shall become a legally binding document governing 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.
1.12 The term "senior management" in these Articles refers to the general manager, deputy general managers, financial officer, and board secretary of the Company.
1.13 After the Company's shares are delisted, they shall continue to be traded in the over-the-counter share transfer system.
1.14 The Company shall establish a Communist Party organization and carry out party activities in accordance with the provisions of the Communist Party of China. The Company shall provide necessary conditions for the activities of the party organization.
Chapter 2 Business Objectives and Scope
2.1 The Company's business objectives are: to develop Kan, contribute to society, benefit employees, and maximize returns for all shareholders.