Core Viewpoint - The establishment of a new recycling business in Wuhan's Dongxihu District indicates a growing trend in the recycling industry, focusing on various services including resource recovery and sales of second-hand goods [1] Company Summary - The newly registered entity is named "Cai Niao Recycling Resources" and is classified as an individual business [1] - The legal representative of the business is Xia Biao Yi, with a registered capital of 10,000 RMB [1] Industry Summary - The business operations include a wide range of activities such as recycling of renewable resources (excluding production waste metals), sales and repair of communication equipment, and sales of second-hand daily necessities [1] - Additional services offered encompass internet sales (excluding items requiring licenses), marketing planning, advertising production, design, and consignment services [1]

Company Overview - Kunming Haiguangxing Commercial Service Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Xu Zheng, and it is wholly owned by Kunming Haiguangxing Market Management Co., Ltd. [1] Business Scope - The company's business scope includes licensed projects such as accommodation services, catering services, medical services, and export supervision warehouse operations [1] - Other business activities include marketing planning, conference and exhibition services, cultural and artistic exchange activities, restaurant management, corporate image planning, information consulting services (excluding licensed information consulting services), property management, hotel management, commercial complex management services, consulting planning services, corporate management, corporate management consulting, packaging services, and parking lot services [1] Company Classification - The company is classified under the wholesale and retail industry, specifically in the wholesale sector [1] - It is registered as a limited liability company (non-natural person investment or holding) [1] Registration Details - The company is registered with the Kunming Market Supervision Administration and has an operating period until August 8, 2025, with no fixed term thereafter [1] - The registered address is located in YunNan Province, Dianzhong New District, at YunDing Plaza, Room 105, Building 4 [1]

General Provisions - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [1][2] - The registered capital of the company is RMB 180.454496 million [2] - The company was approved by the China Securities Regulatory Commission to issue 18 million shares of ordinary stock to the public on January 13, 2017 [1][2] Business Objectives and Scope - The company's business objective is to maximize economic and social benefits while adhering to national laws and regulations [4] - The business scope includes technology services, software development, marketing planning, and advertising services among others [4] Shares - The company's shares are issued in the form of stocks, with all shares being ordinary shares [5][6] - The total number of shares issued by the company is 180.454496 million [5] Shareholder Rights and Obligations - Shareholders have rights to dividends, voting, and supervision of company operations [14] - Shareholders must comply with laws and the company's articles of association, and cannot withdraw their capital except as legally permitted [18] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting occurring within six months after the end of the fiscal year [26] - Shareholder meetings must be convened in accordance with legal and regulatory requirements, and shareholders have the right to propose agenda items [61][62] Board of Directors - The board of directors is responsible for managing the company and must report to the shareholders [77] - Independent directors must also provide performance reports during the annual shareholder meeting [77] Financial Management - The company must disclose financial information and ensure compliance with relevant regulations regarding external guarantees and financial assistance [21][22] - Any external guarantees exceeding 10% of the company's latest audited net assets must be approved by the shareholders [21]