TIP Group(SH:605255) Zheng Quan Zhi Xing·2025-08-29 16:52Core Points - The company, Ningbo TIP Rubber Technology Co., Ltd., was established in accordance with the Company Law and Securities Law of the People's Republic of China, and it was registered with a capital of RMB 134.08 million [3][4][6] - The company issued 33.52 million shares to the public and was listed on the Shanghai Stock Exchange on August 25, 2020 [3][4] - The company's business scope includes the research, manufacturing, and processing of rubber and plastic products, as well as automotive and motorcycle parts [5][6] Company Structure - The company is a permanent corporation, and its legal representative is the director executing company affairs [4][5] - Shareholders are liable for the company's debts only to the extent of their subscribed shares, while the company is liable for its debts with all its assets [4][5] - The company has established a Communist Party organization to conduct activities in accordance with the Party's regulations [5] Share Issuance and Management - The company's shares are issued in the form of stocks, and all shares of the same category have equal rights [7][8] - The total number of shares issued by the company is 134.08 million, all of which are ordinary shares [8][9] - The company cannot provide financial assistance for others to acquire its shares, except for employee stock ownership plans [9][10] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and supervision of the company's operations [13][14] - Shareholders holding more than 3% of shares for over 180 days can request to inspect the company's accounting books [14][15] - Shareholders must comply with laws and the company's articles of association, and they are liable for damages caused by abusing their rights [18][19] Corporate Governance - The company’s board of directors is responsible for convening shareholder meetings and reporting on its work [22][23] - Shareholder meetings can be held annually and must be convened within six months after the end of the previous fiscal year [22][23] - The company must disclose legal opinions on the legality of the meeting procedures and the qualifications of attendees [23][24] Decision-Making Process - Ordinary resolutions require a simple majority, while special resolutions require two-thirds of the votes at the shareholder meeting [80][81] - Certain significant matters, such as capital increases or decreases, mergers, and amendments to the articles of association, require special resolutions [82]