Arcplus(SH:600629) Xin Lang Cai Jing·2025-09-16 12:52Core Viewpoint - The East China Construction Group Co., Ltd. has revised its company charter during the first extraordinary general meeting of shareholders in 2025, detailing regulations on organizational behavior, shareholder rights, and management practices [1]. Share Capital Regulations - The total number of shares is 97,033.8659 million, all of which are ordinary shares. The company adheres to principles of openness, fairness, and justice in share issuance, ensuring equal rights among similar shares. The company can increase capital through various means and may reduce registered capital or repurchase shares under specific circumstances. Share transfers are restricted, particularly for directors and senior management [2]. Shareholders and Shareholder Meetings - The company maintains a shareholder register based on securities registration, with shareholders enjoying rights and obligations according to their share categories. The shareholder meeting is the power institution of the company, responsible for significant decisions such as electing directors and reviewing profit distribution plans. There are annual and extraordinary shareholder meetings, each with different approval standards for transactions and related party transactions [3]. Board of Directors - The board consists of nine directors, including three independent directors and one employee director. The board is accountable to the shareholder meeting and has multiple powers, including convening meetings and executing resolutions. The chairman is elected by a majority of the board and presides over meetings. Various specialized committees are established under the board with defined responsibilities [4]. Senior Management - The company has senior management positions, including a president, financial director, and board secretary, who must adhere to the same restrictions and obligations as directors. The president is responsible to the board and oversees the company's operational management [5]. Financial Accounting and Profit Distribution - The company has established a comprehensive financial accounting system and is required to disclose various reports timely. Profit distribution can be in cash or stock, with clear principles, periods, and ratios defined. Adjustments to profit distribution policies must meet specific conditions and follow designated procedures [6]. Other Important Regulations - The company has regulations regarding mergers, divisions, capital increases, reductions, dissolution, and liquidation, as well as protocols for party organizations, trade unions, social responsibilities, and emergency responses. The company’s party committee plays a preliminary role in decision-making, and it actively assumes social responsibilities while establishing mechanisms for safe production and effective emergency handling [7]. The revision of the company charter aims to further standardize the organization and behavior of the East China Construction Group, safeguarding the legal rights of shareholders and the company, and laying a solid foundation for sustainable development [7].