Chapter 1 General Principles
Article 1
To protect the legitimate rights and interests of Joyoung Company Limited (hereinafter referred to as "the Company," "we"), 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 regulations.
Article 2
The Company is a joint-stock limited company established in accordance with the Company Law and other relevant regulations. The Company was approved for establishment on August 27, 2007, by the Ministry of Commerce of the People's Republic of China, under document No. 商资〔2007〕1421, and was registered with the Administration for Industry and Commerce in Jinan, Shandong Province, obtaining a business license with a unified social credit code of 91370100742442772T.
Article 3
On April 28, 2008, the Company was approved by the China Securities Regulatory Commission to issue 67 million ordinary shares (referred to as "A shares") to domestic investors, and was listed on the Shenzhen Stock Exchange on May 28, 2008.
Article 4
The registered name of the Company is: Joyoung Company Limited.
Article 5
The Company's registered address is: No. 999, Meili Road, Huaiyin District, Jinan City, Shandong Province, postal code 250000.
Article 6
The registered capital of the Company is RMB 763,017,000.
Article 7
The Company is a perpetual joint-stock limited company.
Article 8
The director representing the Company in executing company affairs is the legal representative of the Company. The chairman of the board is the director representing the Company in executing company affairs. 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 30 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 by these Articles or the shareholders' meeting shall not be opposed to good faith 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 according to 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 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, 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 regulations 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
Article 14
The Company's business objectives are to establish a standardized management system for joint-stock companies, focus on sustainable development in the small home appliance sector, timely launch innovative smart home appliance products, lead technological innovation in the industry, and strive to become a respected national brand, continuously creating value for shareholders and society.