Chapter 1 General Provisions
Article 1 To protect the legitimate rights and interests of the company, shareholders, employees, and creditors, and to regulate the organization and conduct 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"), and other relevant regulations.
Article 2 Zhejiang Weixing New Building Materials Co., Ltd. (hereinafter referred to as the "Company") was established as a whole-process transformation from Linhai Weixing New Building Materials Co., Ltd. on December 20, 2007, in accordance with the "Company Law" and other relevant laws and administrative regulations. The company is registered in Zhejiang Province Administration for Market Regulation, obtained a business license, and its unified social credit code is 91330000719525019℃. The Company has established a Party organization and carries out Party activities in accordance with the "Constitution of the Communist Party of China." The Company provides necessary conditions for the activities of the Party organization.
Article 3 On February 21, 2010, the Company was approved by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") with the approval document No. [2010]219 to issue RMB ordinary shares to the public for the first time, with 63.4 million shares. It was listed on the Shenzhen Stock Exchange on March 18, 2010.
Article 4 The Company's full Chinese registered name is: Zhejiang Weixing New Building Materials Co., Ltd. The Company's full English registered name is: ZHEJIANG WEIXING NEW BUILDING MATERIALS CO.,LTD. The Company's registered address is: Linhai Economic Development Zone, Zhejiang Province. Postal Code: 317000
Article 5 The Company's registered capital is RMB 1,592,037,988.
Article 6 The Company is a joint-stock limited company with perpetual existence.
Article 7 The director who represents the Company in handling its affairs is the legal representative of the Company; elected by the Board of Directors. If the director serving as the legal representative resigns, it shall be deemed that the legal representative has also resigned. If the legal representative resigns, the Company shall determine a new legal representative within 30 days from the date of resignation.
Article 8 The legal consequences of civil activities carried out by the legal representative in the name of the Company shall be borne by the Company. If the legal representative causes harm to others while performing his duties, the Company shall bear the civil liability. After the Company bears the civil liability, it may seek recourse from the legal representative who is at fault in accordance with the law or these Articles of Association.
Article 9 Shareholders shall be liable to the Company 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, from the date of effectiveness, shall become a legally binding document that regulates the organization and conduct of the Company, and the rights and obligations between the Company and its shareholders, and between shareholders. The Company, shareholders, directors, and senior management personnel are legally bound by these Articles of Association. According to these Articles of Association, shareholders can sue shareholders, shareholders can sue the Company's directors and senior management personnel, shareholders can sue the Company, and the Company can sue shareholders, directors, and senior management personnel.
Article 11 The term "senior management personnel" as used in these Articles of Association refers to the Company's general manager, deputy general managers, board secretary, and financial controller (referred to as "Financial Director" in this Company), etc.