Chapter 1 General Principles
Article 1
To protect the legitimate rights and interests of Aishida Co., Ltd. (hereinafter referred to as "the Company"), its shareholders, employees, and creditors, and to regulate the organization and behavior of the Company, these Articles of Association (hereinafter referred to as "the 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 formed by the overall conversion of Zhejiang Taizhou Aishida Electric Co., Ltd. into a joint-stock limited company, registered with the Zhejiang Provincial Market Supervision Administration, and obtained a business license with the registration number: 331081100008368. The unified social credit code was reissued in October 2015, with the code: 91330000610004375Y.
Article 3
In accordance with the provisions of the Communist Party of China, the Company establishes an organization of the Communist Party and sets up a party work institution, equipping it with party affairs personnel. The organization structure and staffing of the party organization are included in the Company's management structure and staffing, and the party organization’s work expenses are included in the Company’s budget, funded from management expenses. The party committee plays a political core role in the Company.
Article 4
On April 12, 2010, the Company was approved by the China Securities Regulatory Commission (CSRC) under document [2010] No. 439, and issued 60 million ordinary shares to the public for the first time, which were listed on the Shenzhen Stock Exchange on May 11, 2010.
Article 5
The registered Chinese name of the Company is: 爱仕达股份有限公司, and the registered English name is: AISHIDA CO., LTD.
Article 6
The Company’s address is: No. 1, Fourth Street, Eastern New District, Wenling City, Zhejiang Province, Postal Code: 317500.
Article 7
The registered capital of the Company is RMB 340,638,579.00.
Article 8
The Company is a joint-stock limited company with perpetual existence.
Article 9
The chairman of the Company is the director representing the Company in executing affairs and serves as the legal representative of the Company. If the legal representative resigns, it is deemed that the chairman has also resigned as the legal representative. If the legal representative resigns, the Company will determine a new legal representative within 30 days from the date of resignation.
Article 10
The legal representative conducts civil activities in the name of the Company, and the legal consequences are borne by the Company. Restrictions on the powers of the legal representative set forth in these Articles or by the shareholders' meeting cannot be asserted against bona fide third parties. If the legal representative causes damage to others while performing 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.
Article 11
Shareholders are liable to the Company only to the extent of their subscribed shares, while the Company is liable for its debts with all its assets.
Article 12
These Articles shall take effect from the date of their enactment and shall serve as 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.