NOVEL(SZ:002014) Xin Lang Cai Jing·2025-08-26 05:36Core Viewpoint - Huangshan Yongxin Co., Ltd. has revised its articles of association to detail various aspects of its organizational structure, management, share issuance and transfer, and shareholder rights [1] Company Basic Information and Development History - Huangshan Yongxin Co., Ltd. was established with approval from the Ministry of Commerce of the People's Republic of China and was listed on the Shenzhen Stock Exchange on July 8, 2004. The company has undergone several capital operations, including public offerings and private placements, since its inception [2] Share Issuance and Custody - The company issues shares in the form of stocks, adhering to principles of openness, fairness, and justice. Shares are registered and held in custody by the Shenzhen branch of China Securities Depository and Clearing Corporation Limited [3] Share Increase and Repurchase - The company can increase capital through various methods, including issuing shares to unspecified or specific objects, subject to shareholder approval. The company generally cannot repurchase its own shares except under specific circumstances [4] Share Transfer - Shares can be transferred legally, and the company does not accept its own shares as collateral. Shares issued before public offering cannot be transferred within one year of listing [5] Shareholder Rights and Obligations - Shareholders have rights and obligations based on their shareholding, including dividend distribution and participation in shareholder meetings, while also adhering to legal and regulatory requirements [6] Shareholder Meeting Authority and Operations - The shareholder meeting is the company's authority body, responsible for electing directors and approving board reports. Detailed regulations govern the convening, proposals, notifications, and voting processes of these meetings [7] Board of Directors and Responsibilities - The board consists of fifteen directors, including five independent directors. The board has various powers, including convening shareholder meetings and executing resolutions [9][10] Senior Management - The company has senior management positions, including a general manager and financial officer, whose appointments are determined by the board. They are subject to the same restrictions and obligations as directors [11] Financial Accounting and Profit Distribution - The company follows a financial accounting system and is required to report annual and interim reports. It has a stable profit distribution policy, prioritizing cash dividends, with a minimum of 30% of the average distributable profit over the last three years [12][13] Other Important Regulations - The company has established a party organization and internal audit system, with clear regulations on notifications, announcements, and amendments to the articles of association. The recent revision of the articles aims to enhance the governance structure and operational rules for sustainable development [14]