General Provisions - The company aims to protect the legal rights of Xingtong Shipping Co., Ltd., its shareholders, and creditors, while adhering to the leadership of the Communist Party of China [2] - The company was established as a joint-stock company in accordance with the Company Law and is registered in Quanzhou, Fujian Province with a unified social credit code [2][3] - The company was approved by the China Securities Regulatory Commission to issue 50 million shares of common stock to the public on February 10, 2022, and was listed on the Shanghai Stock Exchange on March 24, 2022 [2][3] Company Structure - The registered capital of the company is RMB 325 million [3] - 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] - The company’s articles of association serve as a legally binding document governing the organization and behavior of the company and its stakeholders [3] Business Objectives and Scope - The company's business objective is to create value and pursue excellence by focusing on customer needs and providing safe, efficient, and reliable services [4] - The company is authorized to engage in various activities, including waterway transportation of hazardous goods, domestic ship management, and international shipping services [4] Share Issuance - The company issues shares in the form of stocks, with all shares having equal rights [5] - The total number of shares issued by the company is 325 million, all of which are common shares with a par value of RMB 1 per share [5][6] Shareholder Rights and Obligations - Shareholders have the right to receive dividends and participate in decision-making processes, including voting at shareholder meetings [10][11] - Shareholders are required to comply with laws and regulations, pay their subscribed capital, and not abuse their rights to harm the company or other shareholders [12][13] Party Organization - The company has established a grassroots organization of the Communist Party of China to promote its policies and ensure compliance with party directives [9][10] - The party organization is responsible for educating and managing party members, maintaining discipline, and promoting the rights of the masses [10] Shareholder Meetings - The company holds annual and extraordinary shareholder meetings, with specific procedures for notifying shareholders and conducting votes [19][20] - Decisions made at shareholder meetings require a majority or two-thirds majority vote, depending on the nature of the resolution [80][82] Financial Transactions and Guarantees - The company must seek shareholder approval for significant financial transactions, including asset purchases and guarantees exceeding certain thresholds [15][17] - The company is prohibited from providing financial assistance to related parties, ensuring that transactions are conducted fairly and transparently [18]

General Provisions - The company aims to protect the legal rights of shareholders and creditors, and to regulate its organization and behavior according to relevant laws and regulations [2][3] - The company was established as a joint-stock company and registered with the local market supervision authority, with a unified social credit code [2][3] - The company was approved by the China Securities Regulatory Commission for its initial public offering of 50 million shares on February 10, 2022, and was listed on the Shanghai Stock Exchange on March 24, 2022 [2][3] Company Structure - The registered capital of the company is RMB 325 million [3] - The company is a permanent joint-stock company, and its assets are divided into equal shares, with shareholders bearing responsibility limited to their subscribed shares [3][4] - The company has established a party organization to play a leading role in its operations [2][3] Business Objectives and Scope - The company's business objective is to create value and pursue excellence by focusing on customer needs and providing safe, efficient, and reliable services [3][4] - The company is engaged in various licensed activities, including waterway transportation of hazardous goods and domestic ship management [4] Share Issuance - 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 325 million, all of which are ordinary shares with a par value of RMB 1 per share [5][6] Shareholder Rights and Obligations - Shareholders have the right to receive dividends and participate in decision-making processes, including attending and voting at shareholder meetings [11][12] - Shareholders holding more than 5% of voting shares must report any pledges of their shares to the company [14] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting required to be held within six months after the end of the previous fiscal year [48] - Shareholder meetings must be announced at least 20 days in advance for annual meetings and 15 days for temporary meetings [59][60] Voting and Resolutions - Resolutions at shareholder meetings can be ordinary or special, with ordinary resolutions requiring more than half of the voting rights and special resolutions requiring two-thirds [80][82] - The company must ensure that the voting process is transparent and that the results are disclosed promptly [83]