General Provisions - The company, SINOMACH HEAVY EQUIPMENT GROUP CO., LTD., was established on September 25, 2007, and registered in Deyang, Sichuan Province with a unified social credit code of 91510600735892505H [2] - The company was approved by the China Securities Regulatory Commission for its initial public offering of 300 million shares on January 14, 2010, and listed on the Shanghai Stock Exchange on February 2, 2010 [2][3] - The company’s registered capital is RMB 7,213,555,890 [3] Company Structure and Governance - The company is a permanent stock company, and its legal representative is elected by the board of directors [3][4] - The company is responsible for civil activities conducted by its legal representative, and shareholders are liable for the company's debts only to the extent of their shares [4][5] - The company has established internal audit mechanisms and supports the establishment of a labor union to protect employees' rights [4][5] Business Objectives and Scope - The company's business objective is to operate independently, bear its own profits and losses, and maximize economic benefits and investment returns for shareholders [6][7] - The business scope includes manufacturing and repairing machinery, metal products, software development, engineering contracting, and import-export trade [7] Share Issuance and Management - The company issues shares in the form of stocks, with each share having a par value of RMB 1 [8][9] - The total number of shares is 7,213,555,890, all of which are ordinary shares [8] - The company can increase its capital through various methods, including issuing shares to unspecified objects or existing shareholders [9][10] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, attend meetings, supervise the company, and transfer their shares [12][13] - Shareholders must comply with laws and the company's articles of association, and they are liable for their subscribed shares [16][17] - Shareholders holding more than 5% of shares must report any pledges of their shares to the company [16][17] 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 [22][23] - Shareholder meetings are the company's decision-making body, with specific powers including electing directors and approving major transactions [22][23] - The company must provide legal opinions on the meeting's legality and ensure proper procedures are followed [27][28]