Core Points - Zhejiang Renzhi Co., Ltd. is established as a joint-stock company to protect the rights and interests of its shareholders, employees, and creditors, following relevant laws and regulations [2][3] - The company was approved by the China Securities Regulatory Commission for its initial public offering of 28.61 million shares, listed on the Shenzhen Stock Exchange on November 3, 2011 [3][4] - The registered capital of the company is RMB 426.098 million [4] Company Structure - The company is a permanent joint-stock company, with all assets divided into equal shares, and shareholders are liable only to the extent of their subscribed shares [3][4] - The legal representative of the company is the president or a designated director [3] - The company has established a party organization to play a political core role within its management structure [3][4] Business Objectives and Scope - The company's business objective is to maximize efficiency and shareholder returns while contributing to national economic development and social progress [4] - The business scope includes various services and products related to drilling, oil and gas extraction, environmental engineering, and technology development in multiple sectors [4][5] Share Issuance and Structure - The company's shares are issued in the form of stocks, with equal rights for each share of the same category [5][6] - The total number of shares issued by the company is 426.098 million, with a par value of RMB 1 per share [5][6] - The company cannot acquire its own shares except under specific circumstances, such as capital reduction or employee stock ownership plans [6][7] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and supervision of company operations, and they must comply with laws and the company's articles of association [11][12] - Shareholders holding more than 5% of shares must report any pledges of their shares to the company [16][39] - The company must disclose information regarding shareholder meetings and decisions, ensuring transparency and compliance with legal requirements [14][21] Governance and Decision-Making - The shareholders' meeting is the company's authority, responsible for electing directors, approving financial reports, and making significant corporate decisions [41][42] - The company must hold an annual shareholders' meeting within six months after the end of the previous fiscal year [21] - Decisions made at the shareholders' meeting require a majority or two-thirds majority vote, depending on the nature of the resolution [77][78]