Core Points - Haiyang Technology Co., Ltd. was established as a joint-stock company based on the transformation of Jiangsu Haiyang Chemical Fiber Co., Ltd. and registered with the administrative approval bureau of Taizhou [2][3] - The company registered capital is RMB 181.251368 million, and it is permanently established as a joint-stock company [3][4] - The company issued 45.3129 million shares of ordinary stock to the public on March 26, 2025, and these shares were listed on the Shanghai Stock Exchange on June 12, 2025 [2][3] Company Structure - The company is governed by its articles of association, which serve as a legally binding document for the organization and behavior of the company, shareholders, and management [2][3][4] - The board of directors is responsible for executing company affairs, and the legal representative is elected from among the directors [3][4] Business Objectives and Scope - The company's mission is market-oriented, focusing on quality for survival, participating in market competition, maintaining reputation, and gradually expanding its strength to enhance economic benefits for shareholders [4][5] - The business scope includes research and development, manufacturing, and sales of organic chemicals, chemical fiber raw materials, and plastic products, among others [4][5] Share Structure - The company's shares are issued in the form of stocks, with each share having a par value of RMB 1 [5][6] - The total number of shares is 181.251368 million, all of which are ordinary shares [6][7] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, participate in shareholder meetings, supervise company operations, and transfer their shares [13][14] - Shareholders are obligated to comply with laws and regulations, pay for their subscribed shares, and not abuse their rights to harm the company or other shareholders [15][16] Shareholder Meetings - The company holds annual and extraordinary shareholder meetings, with the annual meeting occurring within six months after the end of the fiscal year [21][22] - Shareholder meetings require proper notice and must include specific agenda items for discussion and voting [25][26] Voting and Resolutions - Resolutions at shareholder meetings can be ordinary or special, with ordinary resolutions requiring a simple majority and special resolutions requiring a two-thirds majority [75][76] - Shareholders must avoid conflicts of interest during voting, especially in related party transactions [79][80]