XLDY(SH:600769) Zheng Quan Zhi Xing·2025-08-01 16:13Core Points - The company, Wuhan Xianglong Power Industry Co., Ltd., is established as a joint-stock limited company in accordance with the Company Law of the People's Republic of China and relevant regulations [2][3] - The registered capital of the company is RMB 374.9772 million [3] - The company aims to operate in a standardized manner, focusing on integrity and creating economic and social benefits for shareholders and society [5] Company Structure - The company is permanently established as a joint-stock limited company [3] - The chairman serves as the legal representative of the company, and any resignation from this position is treated as a resignation from the legal representative role [3] - The company has a board of directors responsible for decision-making and management [4] Share Issuance and Capital Structure - The total number of ordinary shares approved for issuance by the company is 83.85 million [6] - The company’s share capital structure consists of 37,497.72 million ordinary shares [6] - Shares are issued based on principles of openness, fairness, and justice, ensuring equal rights for all shareholders of the same category [6][7] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and supervision of company operations [14] - Shareholders are required to comply with laws and regulations, and they are liable for the company's debts only to the extent of their subscribed shares [3][14] - The company must maintain a shareholder register to document ownership and rights [14] Corporate Governance - The company establishes a party organization in accordance with the Communist Party of China’s regulations, ensuring alignment with national policies [11] - The board of directors and management must report to the shareholders and are accountable for their actions [20][21] - The company has provisions for the audit committee to oversee financial practices and ensure compliance with regulations [16][21] Meeting Procedures - The company holds annual and extraordinary shareholder meetings, with specific procedures for calling and conducting these meetings [54][58] - Shareholders can propose agenda items and must be notified of meeting details in advance [66][67] - The company ensures that all decisions made during meetings are documented and communicated to shareholders [83]