Core Viewpoint - Rui Ling Petroleum has experienced significant stock volatility, with a cumulative decline of 75% during an abnormal trading period, leading to its appearance on the stock market's watchlist [1] Company Summary - Rui Ling Petroleum Equipment Co., Ltd. specializes in the research, development, production, sales, and service of electric control automation systems and top drive equipment in the oil drilling sector [1] - The company's main products include electric control equipment, technical services, spare parts sales, and labor services [1] - The company was recognized as a "Specialized, Refined, Characteristic, and Innovative" small and medium-sized enterprise in Tianjin for the year 2021, with the certification issued on June 22, 2022, valid for three years [1] - On December 19, 2022, Rui Ling Petroleum was re-evaluated as a high-tech enterprise, with the certification number GR202212001850, also valid for three years [1]

General Provisions - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [2] - The registered capital of the company is RMB 663.061291 million [3] - The company is a permanent joint-stock limited company [3] Business Objectives and Scope - The company's business objectives include high quality, efficiency, continuous improvement, technological innovation, and integrity in service [4] - The registered business scope includes the production and processing of electric control equipment, sales of machinery, communication equipment (excluding special control), and consulting services [4] Shares - The company's shares are issued in the form of stocks, with each share having a par value of RMB 1 [5] - The total number of shares issued by the company is 663.061291 million, all of which are ordinary shares [5][6] - The company may increase its registered capital through various methods, including issuing shares to unspecified objects or existing shareholders [6] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and participate in decision-making processes, including voting at shareholder meetings [10] - Shareholders are obligated to comply with laws and regulations and cannot withdraw their capital except as provided by law [15] - The company must maintain a shareholder register, which serves as proof of share ownership [10] Shareholder Meetings - The company holds annual shareholder meetings within six months after the end of the previous fiscal year [48] - Shareholder meetings can be called by the board of directors or by shareholders holding more than 10% of the shares [49] - Decisions at shareholder meetings require a majority or two-thirds majority vote, depending on the type of resolution [80][82] Related Party Transactions - The company must disclose related party transactions and ensure that related shareholders do not participate in voting on such matters [84] - Any guarantees provided by the company must be approved by the shareholder meeting if they exceed certain thresholds [47]