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"), the Stock Listing Rules of the Shenzhen Stock Exchange (hereinafter referred to as the "Listing Rules"), the Guidelines for Articles of Association of Listed Companies, 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 (hereinafter referred to as the "Company"). The Company is established based on the overall change of Shaoxing Fenglong Electric Co., Ltd. and is registered with the Zhejiang Provincial Market Supervision Administration, currently holding a business license with a unified social credit code of 913306047498339794.
Article 3
The Company was approved by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") on March 9, 2018, to issue 22,220,000 ordinary shares to the public for the first time, and was listed on the Shenzhen Stock Exchange on April 3, 2018.
Article 4
The registered name of the Company is Zhejiang Fenglong Electric Co., Ltd. The English name is Zhejiang Fenglong Electric Co., Ltd.
Article 5
The Company’s address is No. 5, Nilu Road, Lianghu Industrial Park, Shangyu District, Shaoxing City, with a postal code of 312351.
Article 6
The registered capital of the Company is RMB 218,505,856.
Article 7
The Company is a perpetual joint-stock limited company.
Article 8
The general manager is the legal representative of the Company. If the general manager resigns, it is 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.
Article 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 at fault in accordance with 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 promulgation 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 each other, 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" as used in these Articles refers to the general manager, deputy general managers, board secretary, and financial officer.
Article 13
The Company shall establish a party working organization in accordance with the Constitution of the Communist Party of China and the Regulations on the Work of Party Branches, equip party workers, and carry out party activities. The Company shall provide necessary conditions for the activities of the party organization. The establishment of the party organization, personnel allocation, and party work expenses shall be included in the Company’s management structure and budget, funded from the Company’s management expenses. The party committee shall play a political core role in the Company, guiding and supervising the Company to strictly comply with national laws and regulations, unite and consolidate the workforce, legally safeguard the legitimate rights and interests of all parties, build an advanced corporate culture, and promote the healthy development of the Company.