Core Viewpoint - Wahaha has undergone significant changes and challenges under the leadership of Zong Fuli, contrasting sharply with the era of its founder, Zong Qinghou, whose departure has led to internal conflicts and strategic missteps [2][3][4]. Group 1: Leadership Transition - Zong Fuli, with an overseas education background, took over the leadership of Wahaha after Zong Qinghou's passing, initiating substantial reforms aimed at modernizing the company [5][6]. - The transition has faced strong internal resistance, highlighting the clash between traditional values and modern corporate governance [4][6]. Group 2: Internal Conflicts - The trademark transfer incident has emerged as a critical issue, revealing complex interests among various stakeholders and the potential for internal conflict [3][4]. - Key figures, such as Du Jianying and Zong Jichang, have significant influence within the company and have expressed major disagreements with Zong Fuli's strategic direction, exacerbating internal tensions [4][6]. Group 3: Market Position and Challenges - Despite achieving a revenue of 70 billion yuan in 2024, a 36.7% increase from the previous year, Wahaha faces ongoing operational challenges, including factory shutdowns and employee unrest [8][25]. - The competitive landscape has intensified, with emerging brands and external capital posing significant threats to Wahaha's market position [6][8]. Group 4: Governance Issues - Wahaha's governance structure reflects a complex interplay of state-owned and private interests, creating a governance deadlock that complicates decision-making [22][28]. - Zong Fuli's attempts to implement modern management practices have clashed with the company's traditional culture, leading to a disconnect between management and employees [24][30]. Group 5: Cultural Shift - The shift from a "family culture" under Zong Qinghou to a more rule-based management approach under Zong Fuli has alienated long-time employees and loyal distributors, threatening the brand's emotional connection with consumers [22][30]. - The ongoing reforms risk dismantling the foundational values that have historically defined Wahaha, raising concerns about the brand's future identity [29][30].

Core Points - Jiangsu Seagull Cooling Tower Co., Ltd. is established as a joint-stock company to protect the rights and interests of shareholders and creditors, following relevant laws and regulations [2][3] - The company was registered in Changzhou and obtained its business license, with a registered capital of RMB 308,751,768 [2][3] - The company issued 22.87 million shares to the public and was listed on the Shanghai Stock Exchange on May 17, 2017 [2][3] Chapter Summaries General Provisions - The company is a permanent joint-stock company, with the chairman serving as the legal representative [3] - The company's assets are divided into equal shares, and shareholders are liable only to the extent of their subscribed shares [3] - The articles of association serve as a legally binding document for the company, shareholders, and management [3] Business Objectives and Scope - The company's business objectives include establishing a modern enterprise system, enhancing market competitiveness, and maximizing shareholder interests [4] - The business scope includes research, development, design, manufacturing, installation, and sales of industrial cooling towers and water treatment equipment, among other activities [4] Shares - The company's shares are in the form of stocks, with equal rights for each share [5] - The total number of shares is 308,751,768, all of which are ordinary shares [5] - The company can increase or decrease its registered capital according to legal procedures and shareholder resolutions [6][7] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, attend meetings, supervise management, and transfer shares [11] - Shareholders must comply with laws and the company's articles of association, and they cannot abuse their rights to harm the company or other shareholders [14][15] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with specific procedures for convening and voting [45][46] - Shareholder meetings must be announced in advance, and all shareholders have the right to attend and vote [55][56] - Decisions at shareholder meetings require a majority or two-thirds majority vote, depending on the type of resolution [78][80]

Core Points - The company aims to strengthen the leadership of the Communist Party and improve corporate governance to protect the rights and interests of shareholders, employees, and creditors while promoting development [1][2][3] - The company is committed to becoming a leading player in the civil explosives industry, focusing on innovation, quality, and sustainable development [4][5] - The company has established a clear organizational structure with defined responsibilities among the Party committee, board of directors, supervisory board, and management [3][4] Group 1: Company Structure and Governance - The company is a joint-stock limited company established in accordance with the Company Law and other relevant regulations [1][2] - The company has a registered capital and is subject to the laws governing joint-stock companies [1][2] - The company has a legal representative, the chairman, who is responsible for civil activities conducted in the company's name [1][2] Group 2: Shareholder Rights and Responsibilities - Shareholders are liable for the company's debts only to the extent of their shareholdings, while the company is liable for its debts with all its assets [2][10] - The company’s articles of association serve as a legally binding document governing the rights and obligations of the company, shareholders, and management [2][10] - Shareholders have the right to sue each other, the board of directors, and senior management based on the provisions of the articles of association [2][10] Group 3: Business Objectives and Scope - The company aims to leverage its comprehensive advantages in the civil explosives industry to create customer value and lead industry progress [4][5] - The company’s business scope includes the production and sale of civil explosives, chemical products, and various manufacturing activities [6][7] - The company is focused on innovation, green development, and integrating into the new development pattern of the national strategy [4][5] Group 4: Capital Management - The company’s shares are issued in the form of stocks, with all shares having equal rights [7][8] - The company can increase its capital through various methods as approved by the shareholders' meeting [10][11] - The company is prohibited from repurchasing its own shares except under specific circumstances outlined in the articles of association [10][11]

Core Insights - The article discusses the critical transition period for family-owned private enterprises in China, highlighting the challenges they face in succession planning amidst increasing international uncertainties and domestic economic transformations [1][2]. Group 1: Challenges in Succession - Family-owned enterprises in China face three main challenges: operational pressures, lack of succession planning, and internal family conflicts [2][3]. - Operational challenges stem from rising international uncertainties, slowing domestic economic growth, and fierce competition due to technological advancements [2][3]. - A common issue among small and medium-sized family businesses is the absence of a clear succession plan, often exacerbated by the founder's indecision regarding the timing of succession and the lack of qualified successors [3][4]. Group 2: Internal Family Dynamics - The intertwining of business operations and family conflicts complicates the succession process, as disagreements among family members can hinder consensus on critical succession matters [4]. - The complexity of relationships among family members, shareholders, management teams, and successors is crucial for determining the success or failure of the succession [2][3]. Group 3: Recommendations for Effective Succession - Establishing a modern corporate governance structure is essential to clarify roles and responsibilities, thereby preventing ambiguity in authority [5][6]. - Selecting professional managers who align with the family's and enterprise's core values is vital for long-term success [6][7]. - Properly addressing the positions and rights of all stakeholders, including family members and professional managers, is fundamental for stabilizing the team and promoting sustainable development [7]. Group 4: Common Traits of Successful Succession - Successful succession often involves a collaborative learning process between generations, where both the founder and successor engage in mutual learning [8][9]. - High-quality, continuous communication between generations is crucial, especially in families where prior communication has been lacking [9][10]. - In cases with multiple successors, a strategy of dual selection and shared responsibilities can be effective in preventing family divisions [10][11]. Group 5: Importance of Family Values and Education - Successful succession is closely linked to strong family education and a supportive family environment, which instills a sense of belonging and recognition of family values in successors [12][13]. - The process of nurturing successors is inherently risky, and the ability of successors to manage the business effectively is a long-term challenge [13].

Core Points - The company is established as a joint-stock limited company in accordance with the Company Law of the People's Republic of China and other relevant regulations [3][4] - The registered capital of the company is RMB 2,605.582626 billion [4][21] - The company was approved by the China Securities Regulatory Commission to issue 60 million shares of ordinary stock to the public on September 1, 2017, and was listed on the Shanghai Stock Exchange on September 26, 2017 [3][4] Company Structure - The company is located in Zhangzhou City, Fujian Province, with a postal code of 363000 [4] - The company is a permanent joint-stock limited company, and the general manager serves as the legal representative [4][5] - The company has established a committee of the Communist Party of China to conduct party activities and ensure the rights of party members [5][6] Business Objectives and Scope - The company's business objective is to create value for customers, provide development for employees, and contribute to society [6] - The business scope includes feed production, feed additives production, veterinary drug operation, food production and sales, and internet information services, among others [6] Share Issuance - The company's shares are issued in the form of stocks, adhering to principles of openness, fairness, and justice [7][16] - The total number of shares issued by the company is 2,605.582626 million, all of which are ordinary shares with a par value of RMB 1 per share [21] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and participate in decision-making processes, including the right to request information and supervise the company's operations [19][20] - Shareholders holding more than 5% of the shares must report any pledges or judicial freezes of their shares to the company [24][42] Corporate Governance - The company must hold an annual general meeting within six months after the end of the previous fiscal year [51] - The board of directors is responsible for convening shareholder meetings and must ensure compliance with legal and regulatory requirements [55]

炬申物流集团股份有限公司 总经理工作制度 （2025 年 5 月修订） 炬申物流集团股份有限公司 总经理工作制度 第一章 总则 第一条 为适应现代企业制度的要求，明确炬申物流集团股份有限公司（以 下简称"公司"）总经理及经理管理层其他成员的职责、权限，保障其高效、规范 地行使职权，根据《中华人民共和国公司法》 （以下简称"《公司法》"）、 《中华人 民共和国证券法》（以下简称"《证券法》"）和《炬申物流集团股份有限公司章 程》 （以下简称"《公司章程》"）等法律、法规、规范性文件的有关规定，制订本 细则。 第二条 本细则适用人员范围为总经理经营班子成员，即总经理、副总经理、 财务负责人和《公司章程》规定的其他高级管理人员等。 第四条 公司董事可受聘兼任总经理或者其他高级管理人员，但兼任总经理 或者其他高级管理职务的董事总计不得超过公司董事总数的二分之一。 第五条 具有《公司法》规定的不得担任公司高级管理人员情形的人员以及 被证券监管机构宣布为市场禁入者且尚在禁入期的人员，不得担任公司的总经理、 副总经理及经营班子其他成员。 第六条 总经理、副总经理、财务负责人必须专职，不得在控股股东、实际 控制人及其控制的其 ...

Core Points - The company is established to protect the rights and interests of shareholders and creditors, and to regulate its organization and behavior according to relevant laws and regulations [2][3] - The company aims to become a leading testing machine brand in China and internationally, focusing on creating value for customers and maximizing shareholder interests [4] - The company has a registered capital of RMB 135,533,225, with a total of 42 million shares issued at the time of establishment [5][6] Company Structure - The company is a permanent joint-stock company with independent legal status, and its assets are divided into equal shares [3][4] - The company’s shares are issued in the form of stocks, and all shares of the same type have equal rights [5][6] - The company’s board of directors and management are responsible for the company’s operations and must comply with the laws and regulations [10][11] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends, participate in shareholder meetings, supervise the company’s operations, and transfer their shares [10][11] - Shareholders must comply with laws and the company’s articles of association, and they cannot abuse their rights to harm the company or other shareholders [12][13] - Major decisions, such as capital increases or decreases, must be approved by the shareholders' meeting [14][15] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with specific procedures for calling and conducting these meetings [16][17] - Shareholders holding more than 10% of the shares can request a temporary meeting, and the board must respond within a specified timeframe [20][21] - Voting at shareholder meetings requires a majority or two-thirds majority depending on the type of resolution being passed [77][79] Corporate Governance - The company has established a governance structure that includes a board of directors, supervisory board, and management team, ensuring checks and balances [10][11] - The company’s major decisions must be made transparently and in accordance with the law, protecting the interests of all shareholders [13][14] - The company is committed to maintaining independence from its controlling shareholders and ensuring fair treatment of all shareholders [12][13]

General Provisions - The purpose of the work guidelines is to adapt to the needs of establishing a modern enterprise system and ensure the standardized operation of the corporate governance structure of Shanghai Phoenix Enterprise (Group) Co., Ltd [1] - The general manager is responsible for the daily management of the company under the leadership of the board of directors, executing board resolutions, and ensuring efficient operations [1][3] Appointment of General Manager - The company appoints one general manager and four deputy general managers, with the board of directors responsible for their hiring and dismissal [2] - The general manager must possess rich economic and management knowledge, strong decision-making abilities, and a commitment to integrity and innovation [2] Powers and Responsibilities of the General Manager - The general manager is responsible for organizing the company's production and management, implementing board resolutions, and reporting to the board [5] - The general manager has the authority to make decisions on external investments, asset purchases or sales, and financial matters within specified limits [5][6] Decision-Making Mechanism - The general manager convenes and presides over regular meetings to discuss important operational and management matters, with meetings typically held monthly [12][13] - The general manager has the final decision-making authority on matters discussed in meetings, ensuring that decisions align with the company's strategic goals [14] Reporting Obligations - The general manager must regularly report to the board on various aspects, including the company's long-term development plans, annual plan implementation, and significant contracts [8][15] - In case of major incidents, the general manager is required to provide timely reports to the board [8][15] Compliance and Ethics - The general manager must adhere to laws, regulations, and the company's articles of association, fulfilling duties with loyalty and diligence [20][38] - Any income derived from violations of company policies must be returned to the company, and the general manager is liable for any resulting losses [20]

General Provisions - The company aims to protect the legal rights of the company, shareholders, and creditors, and to regulate its organization and behavior according to relevant laws [1] - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [1][2] - The company was approved by the Hunan Provincial Government and registered with the Hunan Provincial Market Supervision Administration [1][2] Company Information - The registered name of the company is Hunan Valin Steel Co., Ltd., with a registered capital of RMB 6,908,632,499 [2] - The company is located at 222 Xiangfu West Road, Tianxin District, Changsha City, Hunan Province [2] - The company has a permanent existence as a joint-stock limited company [2] Legal Representation - The board of directors represents the company in executing its affairs, and the legal representative is a director [2][3] - If the legal representative resigns, a new representative must be appointed within 30 days [2] Share Structure - The company's assets are divided into equal shares, and shareholders are liable for the company's debts only to the extent of their subscribed shares [2][3] - The company issues shares in the form of stocks, with equal rights for each type of share [5][6] Business Objectives and Scope - The company's business objectives include establishing a modern enterprise system, optimizing resource allocation, and improving market competitiveness [4] - The company primarily produces and sells various steel products, including steel billets, seamless steel pipes, and other related products [4] Share Issuance and Management - The company follows principles of openness, fairness, and justice in issuing shares, ensuring equal rights for all shareholders [5][6] - The company can increase capital through various methods, including public offerings and private placements, as approved by the shareholders' meeting [7] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and supervision of the company's operations [11][12] - Shareholders must comply with laws and the company's articles of association, and they are liable for their subscribed shares [16][38] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with specific procedures for calling and conducting these meetings [47][48] - Shareholder meetings require a quorum and must follow legal and procedural requirements for decision-making [80][81] Decision-Making and Voting - Resolutions at shareholder meetings can be ordinary or special, with different voting thresholds required for each type [80][82] - The company must disclose detailed information about board candidates during shareholder meetings [61] Financial Management and Transactions - The company must seek shareholder approval for significant financial transactions and guarantees exceeding certain thresholds [45][20] - The board of directors is responsible for ensuring compliance with financial regulations and maintaining transparency in financial dealings [19]

江苏洪田科技股份有限公司 第一章 总则 第一条 按照现代企业制度的要求，为进一步完善江苏洪田科技股份有限公 司（以下简称"公司"）的治理结构，规范总经理工作及总经理办公会议制度，提 升公司经理层的履责效能，依据《中华人民共和国公司法》《上海证券交易所股 票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等 相关法律、法规及《江苏洪田科技股份有限公司章程》（以下简称《公司章程》） 的规定，制定本细则。 第二条 总经理及其他高级管理人员应当遵守国家有关法律法规及公司章程 的规定，履行诚信和勤勉的义务，维护公司利益，不得利用在公司的地位和职权 为自己谋取私利。 第二章 总经理的任职资格 第三条 总经理及其他高级管理人员任职应当具备下列条件： （一）具有较丰富的经济理论知识、管理知识及实践经验，具有较强的综合 管理能力； （二）具有知人善任调动员工积极性、建立合理的组织机构、协调各种内外 关系和统揽全局的能力； （六）被中国证监会处以证券市场禁入处罚，期限未满的； （七）被证券交易场所公开认定为不适合担任上市公司董事、高级管理人员， 期限尚未届满； （八）法律、行政法规、部门规章或公司董事会规定 ...