HNHS(SH:600156) Zheng Quan Zhi Xing·2025-06-10 08:13Company Overview - Hunan Huasheng Co., Ltd. is a joint-stock limited company established in accordance with the Company Law of the People's Republic of China and other relevant regulations [2][3] - The company was approved by the China Securities Regulatory Commission for its initial public offering of 85 million shares on February 16, 1998, and registered with the Hunan Provincial Market Supervision Administration [3][4] - The registered capital of the company is RMB 402,110,702 [3][4] Business Objectives and Scope - The company's business objective is to focus on its main responsibilities and operations, promoting high-quality development through brand operation, product marketing, and capital operation [5] - The business scope includes the development, production, and sale of ramie and other textile products, including yarns, fabrics, and home textiles [5] Share Structure - The company has issued a total of 402,110,702 shares, all of which are ordinary shares with no other categories [6] - The company’s shares are issued in accordance with principles of openness, fairness, and justice, ensuring equal rights for all shares of the same category [6][7] Share Issuance and Management - The company can increase its capital through various methods, including public offerings, private placements, and bonus shares, subject to shareholder approval [7][8] - The company is restricted from acquiring its own shares except under specific circumstances, such as capital reduction or employee stock ownership plans [8] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, participate in shareholder meetings, supervise company operations, and access company documents [10][11] - Shareholders are obligated to comply with laws and regulations, pay for their subscribed shares, and not misuse their rights to harm the company or other shareholders [15][16] Governance Structure - The company is governed by a board of directors, which is responsible for major decisions, including the appointment of senior management and approval of financial reports [18][19] - The shareholders' meeting is the highest authority of the company, with powers to elect directors, approve financial distributions, and make significant corporate decisions [18][19] Meeting Procedures - The company holds annual and temporary shareholders' meetings, with specific procedures for notification, proposal submission, and voting [19][20] - Shareholders can attend meetings in person or through proxies, and the company must ensure the legality and transparency of the meeting processes [26][27] Voting and Resolutions - Resolutions can be classified as ordinary or special, with different requirements for approval based on the nature of the decision [80][81] - The company ensures that voting rights are exercised fairly, with provisions for cumulative voting in certain situations [86][87]