Chapter 1 General Principles
Article 1
To protect the legitimate rights and interests of the 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 regulations.
Article 2
Shenzhen Kaizhong Precision Technology Co., Ltd. (hereinafter referred to as the "Company") is a joint-stock limited company established in accordance with the Company Law and other relevant regulations. The Company was established by the overall conversion of Shenzhen Kaizhong Motor Commutator Co., Ltd. based on its original net asset value, registered with the Shenzhen Market Supervision Administration, and obtained a business license, with a unified social credit code of 91440300682020833Q.
Article 3
The Company was approved by the China Securities Regulatory Commission on October 26, 2016, to issue 36 million shares of RMB ordinary shares to the public for the first time, and was listed on the Shenzhen Stock Exchange on November 24, 2016.
Article 4
The registered name of the Company is Shenzhen Kaizhong Precision Technology Co., Ltd. The English name of the Company is Shenzhen Kaizhong Precision Technology Co., Ltd.
Article 5
The Company's address is No. 1, Planning Fourth Road, Longtian Street, Pingshan District, Shenzhen, Postal Code 518118.
Article 6
The registered capital of the Company is RMB 327,498,270.
Article 7
The Company is a joint-stock limited company with perpetual existence.
Article 8
The chairman of the board of directors is the legal representative of the Company. If the chairman changes, the legal representative will change accordingly. If the chairman resigns, it is deemed that the legal representative has also resigned. If the legal representative resigns, the Company will reappoint a new chairman and 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 by these Articles or the shareholders' meeting shall not 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 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 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, the Company may sue shareholders, and the Company may sue directors and senior management.
Article 12
The term "senior management personnel" in these Articles refers to the general manager, deputy general managers, board secretary, financial officer, and other personnel as stipulated in these Articles.
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 Objectives and Scope
Article 14
The Company's business objectives are to fully leverage the competitive advantages of the industry, engage in production and operation, and technology research and development activities with high quality and efficiency, ensuring satisfactory investment returns for shareholders and building the Company into a joint-stock enterprise with global market competitiveness.