ShaanGu(SH:601369) Zheng Quan Zhi Xing·2025-07-11 09:16Summary of Key Points Core Viewpoint The company, Xi'an Shaangu Power Co., Ltd., is proposing amendments to its articles of association and adjusting its registered capital in accordance with the new Company Law and relevant regulations. Group 1: Registered Capital Changes - The company has approved a plan to repurchase and cancel 2,124,541 shares of restricted stock granted to certain incentive recipients, which will be completed by June 17, 2025. As a result, the registered capital will decrease from RMB 1,725,599,033 to RMB 1,723,474,492 [1][2]. Group 2: Amendments to Articles of Association - The first article of the articles of association has been revised to include employees alongside shareholders and creditors in the protection of rights [1]. - The eighth article now states that the chairman of the board is the legal representative of the company, with provisions for appointing a new legal representative within thirty days if the current one resigns [3][4]. - The ninth article clarifies that the company's assets are divided into equal shares, and shareholders are liable only to the extent of their subscribed shares [5][6]. - The twenty-second article has been updated to specify that the company or its subsidiaries cannot provide financial assistance for acquiring shares, except for employee stock ownership plans [7][8]. - The twenty-third article allows the company to increase capital through various means, including issuing shares to specific targets [9][10]. - The twenty-fourth article outlines conditions under which the company may repurchase its shares, with specific exceptions [11][12]. - The thirty-fourth article emphasizes that shareholders have equal rights and obligations based on their shareholding [13][14]. - The forty-first article details the rights and obligations of shareholders, including the requirement to pay capital contributions and restrictions on withdrawing shares [15][16].