Company Overview
Jiangsu CTC Technical Fabrics Co., Ltd. (hereinafter referred to as "CTC" or "the Company") was approved by the Jiangsu Provincial Department of Commerce to change from Changzhou CTC Fiberglass Composite Materials Co., Ltd. to a foreign-invested joint-stock company. The basic information of the company is as follows:
- Company Name: Jiangsu CTC Technical Fabrics Co., Ltd.
- Registered Capital: 90,000,000 yuan
- Legal Representative: Chen Meicheng
- Date of Establishment: March 24, 2008
- Date of Joint-Stock Company Establishment: December 22, 2010
- Address: No. 3, Tenglong Road, Wujin Economic Development Zone, Changzhou, Jiangsu Province, 213145
- Phone: 0519-83180563
- Fax: 0519-81687889
- Website: http://www.ctc-tf.cn/
- Email: INFO@ctc-tf.com
The company's business scope includes the research and development, production, and sales of industrial multi-dimensional woven composite materials; research and services related to composite material application technology; domestic procurement, wholesale, and import-export of fiberglass and its products, carbon fiber and its products, fiberglass reinforced materials, and auxiliary materials (excluding state-owned trade management commodities, and those involving quota and license management must be handled according to national regulations).
Evolution of Share Capital Since Establishment
1. Establishment of the Company (March 24, 2008)
CTC was established on March 24, 2008, with a registered capital of 6 million yuan, contributed in two phases. Each shareholder contributed in cash. After the contributions were completed, the specific shareholding structure was as follows:
| Shareholder Name | Contribution Method | Contribution Amount (10,000 yuan) | Contribution Ratio (%) |
|---|---|---|---|
| Wang Zhanhong | Cash | 200.00 | 33.34 |
| Jiang Jianping | Cash | 200.00 | 33.33 |
| Xiao Baoxin | Cash | 200.00 | 33.33 |
| Total | 600.00 | 100.00 |
Changzhou Yongjia Accounting Firm issued verification reports confirming the contributions. The establishment application was approved by the Changzhou Wujin Administration for Industry and Commerce on March 24, 2008.
2. First Share Transfer (May 2009)
On April 1, 2009, the shareholders' meeting approved Jiang Jianping's transfer of 33.33% of shares to Chen Meicheng and Xiao Baoxin's transfer of 33.33% of shares to Zhao Junguo. The share transfer price was 1 yuan per share. The new shareholding structure after the transfer was:
| Shareholder Name | Contribution Method | Contribution Amount (10,000 yuan) | Contribution Ratio (%) |
|---|---|---|---|
| Chen Meicheng | Cash | 200.00 | 33.33 |
| Wang Zhanhong | Cash | 200.00 | 33.34 |
| Zhao Junguo | Cash | 200.00 | 33.33 |
| Total | 600.00 | 100.00 |
3. Second Share Transfer (October 2009)
On September 3, 2009, the shareholders' meeting approved Wang Zhanhong and Zhao Junguo's transfer of 6.25% of shares to Chen Meicheng. The new shareholding structure was:
| Shareholder Name | Contribution Method | Contribution Amount (10,000 yuan) | Contribution Ratio (%) |
|---|---|---|---|
| Chen Meicheng | Cash | 275.00 | 45.84 |
| Wang Zhanhong | Cash | 162.50 | 27.08 |
| Zhao Junguo | Cash | 162.50 | 27.08 |
| Total | 600.00 | 100.00 |