Chapter 1 General Principles
Article 1
To safeguard 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
The company is a joint-stock limited company established by the overall transformation of a limited liability company in accordance with the Company Law and other relevant regulations (hereinafter referred to as the "Company"). The Company is registered with the Market Supervision Administration of Zhejiang Province and has obtained a business license, with a unified social credit code of: 91330500056855710M.
Article 3
On October 20, 2020, the Company was approved by the Shenzhen Stock Exchange and completed the registration procedures with the China Securities Regulatory Commission (hereinafter referred to as "CSRC"), issuing 25 million ordinary shares to the public for the first time, and was listed on the Shenzhen Stock Exchange on December 25, 2020.
Article 4
The registered name of the Company is: Zhejiang Runyang New Material Technology Co., Ltd. The full English name is: ZheJiang Runyang New Material Technology Co., Ltd.
Article 5
The Company's address is: No. 9 Changxing Avenue, Lijiaxiang Town, Changxing County, Huzhou City, Zhejiang Province. Postal code: [313102].
Article 6
The registered capital of the Company is RMB 130 million.
Article 7
The Company is a joint-stock limited company with perpetual existence.
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. Restrictions on the powers of the legal representative as stipulated 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 assumes civil liability, it may seek recourse 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 become 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.
Article 12
The term "senior management" in these Articles refers to the general manager, deputy general managers, board secretary, and financial officer (referred to as "financial director" in the Company).
Article 13
The Company shall establish a Communist Party organization and carry out Party activities in accordance with the Constitution of the Communist Party of China. The Company shall provide necessary conditions for the activities of the Party organization.
Chapter 2 Business Objectives and Scope
Article 14
The Company's business objectives are: to be market-oriented, to seek survival through quality, to participate in market competition, to gradually expand the Company's strength, to improve economic efficiency, and to create satisfactory investment returns for all shareholders.