LOPAL(SH:603906) Zheng Quan Zhi Xing·2025-06-27 16:22Core Points - Jiangsu Longpan Technology Co., Ltd. was established on January 23, 2014, through the overall change of Jiangsu Longpan Petrochemical Co., Ltd. [3] - The company was approved by the China Securities Regulatory Commission (CSRC) to issue 52 million A-shares on March 10, 2017, and was listed on the Shanghai Stock Exchange on April 10, 2017 [3] - The company plans to issue 100 million H-shares, which were approved by the Hong Kong Stock Exchange and will be listed on October 30, 2024 [4] - The registered capital of the company is RMB 685.078903 million [4] Company Structure and Governance - The company is a joint-stock limited company and is governed by its articles of association, which are legally binding for the company, shareholders, directors, supervisors, and senior management [5] - The chairman of the board serves as the legal representative of the company [4][5] - The company is designed for permanent existence and can adjust its business scope based on market changes and development needs [6] Business Operations - The company's business scope includes the sale of lubricants, specialized chemical products, petroleum products, automotive parts, and technology services [6] - The company can adjust its business operations and scope as needed, subject to legal and regulatory requirements [6] Share Capital and Issuance - The company's shares are issued in the form of registered stocks, with equal rights for each share of the same category [7] - The total number of shares issued by the company is 685.078903 million, all of which are ordinary shares [7] - The company may increase its capital through various methods, including public offerings and private placements, as approved by the shareholders [10][12] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and participation in company decisions, as well as obligations to comply with laws and the company's articles of association [19][36] - Shareholders holding more than 5% of the voting shares must report any pledges of their shares to the company [23] - The company must ensure that shareholders are treated equally and that their rights are protected [19][36] Shareholder Meetings - The company holds annual and extraordinary shareholder meetings, with specific procedures for calling and conducting these meetings [41][42] - Shareholders can propose agenda items for meetings, and the company must provide adequate notice of the meeting details [51][54] - Legal opinions must be obtained for certain matters discussed in shareholder meetings to ensure compliance with regulations [44]