General Provisions - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [1] - The company was approved by the China Securities Regulatory Commission to issue 20,550,000 shares of common stock to the public on November 12, 2021 [1][3] - The registered capital of the company is RMB 149,591,086 [2] Business Objectives and Scope - The company's business objective is to create value for customers, provide returns for shareholders, and fulfill social responsibilities through technological progress and product innovation [3] - The business scope includes the production and sale of various materials such as coated sand, inorganic binders, and oil drilling technology services [3] Shares - The company issues shares in the form of stocks, adhering to principles of openness, fairness, and justice [4] - The total number of shares issued by the company is 149,591,086, all of which are common shares [4][5] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, participate in shareholder meetings, supervise company operations, and access company documents [10] - Shareholders are obligated to comply with laws and regulations, pay for their subscribed shares, and not misuse their rights to harm the company or other shareholders [13] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting occurring within six months after the end of the previous fiscal year [48] - Shareholder meetings can be conducted in person or via electronic communication, and all shareholders have the right to attend and vote [50][51] Voting and Resolutions - Resolutions at shareholder meetings can be ordinary or special, with ordinary resolutions requiring a simple majority and special resolutions requiring two-thirds approval [80][81] - Shareholders must avoid conflicts of interest during voting on related party transactions, ensuring that related shareholders abstain from voting [84]