Core Viewpoint - The article highlights how Caoxian County has transformed from a labor-exporting region to a hub for specialized industries such as Hanfu and environmentally friendly board materials, driven by financial empowerment and industrial development strategies [1] Group 1: Financial Support and Innovation - Shandong Puhui Guarantee Company collaborates with the Caoxian government to provide targeted guarantee support policies, injecting strong development momentum into local small and micro enterprises in the environmental board materials industry [1] - The company has established a risk compensation fund to effectively disperse guarantee risks and enhance lending confidence among financial institutions, facilitating small guarantee loans for startups [2] - Innovative measures include lowering guarantee thresholds and not solely relying on fixed assets, alleviating financing pressures for light-asset small and micro enterprises [1][2] Group 2: Industrial Upgrading and Employment - With the support of Shandong Puhui Guarantee Company, Caoxian's board material enterprises are increasing technological investments, moving towards green and high-end production, including the introduction of formaldehyde-free processes and automated production lines [4] - The board materials industry in Caoxian is now a significant production base for engineered wood and a major e-commerce hub for wood products, providing over 1,000 stable job opportunities, primarily for local rural labor [4] - The acquisition of fast-growing timber from local farmers not only secures the supply chain but also increases farmers' incomes, leading to significant improvements in the rural environment [4] Group 3: Future Outlook - Shandong Puhui Guarantee Company plans to continue its partnership with the Caoxian government to empower the environmental board materials industry and enhance financial innovation services [4] - The goal is to promote industrial revitalization and rural development, contributing to a narrative of strong board materials, prosperous farmers, and beautiful villages [4]

Core Viewpoint - Shenzhen Kexin New Materials Co., Ltd. is revising its Articles of Association and related systems to enhance corporate governance and comply with updated legal regulations [1][2]. Summary by Sections Reason for Modification - The company aims to improve operational standards and governance structure by canceling the supervisory board and transferring its powers to the audit committee of the board of directors [1][2]. Revision of Articles of Association - Key changes include adjustments to the governance structure, addition of provisions for employee representative directors, and removal of the supervisory board section [2][3]. - The revisions involve a comprehensive review of the Articles of Association, with significant changes highlighted while minor textual adjustments are not detailed [2]. Specific Amendments - The first article emphasizes the protection of the rights of shareholders and creditors, aligning with the latest legal requirements [3]. - The second article confirms the company's establishment under relevant laws, with registration details provided [4]. - The governance structure now includes provisions for the chairman as the legal representative and outlines responsibilities related to civil activities [4]. - The company’s assets are divided into equal shares, with shareholders liable only to the extent of their subscribed shares [5]. - The Articles of Association will serve as a binding document for the company, shareholders, and management, detailing rights and obligations [5][6]. Share Issuance and Capital Increase - The company will issue shares publicly, ensuring equal rights for all shareholders [6][7]. - The issuance of shares will be at a nominal value of RMB 1.00 per share [7][8]. Shareholder Rights and Obligations - Shareholders have rights to dividends, participation in meetings, and oversight of company operations [13][14]. - The company outlines the process for shareholders to request access to company documents and the conditions under which such requests can be denied [14][15]. Governance and Legal Compliance - The company emphasizes compliance with laws and regulations, ensuring that decisions made by the board and shareholders are valid and enforceable [15][16]. - Provisions are included to protect minority shareholders from actions by controlling shareholders that may harm their interests [16][17]. Financial Assistance and Share Repurchase - The company may provide financial assistance for acquiring shares under specific conditions, with limits set on the total amount [9][10]. - The company can repurchase its shares under certain circumstances, such as capital reduction or mergers [10][11]. Responsibilities of Directors and Management - Directors and management are held accountable for safeguarding company assets and may face penalties for negligence [27].

General Provisions - Shenzhen Cotran New Material Co., Ltd. is established as a joint-stock company according to the Company Law and other relevant regulations [4] - The company was approved by the China Securities Regulatory Commission to issue 22 million shares of ordinary stock to the public on November 17, 2017 [4] - The registered capital of the company is RMB 126.431804 million [5] Business Objectives and Scope - The company's business objective is to enhance management levels and core competitiveness while providing quality services to customers and maximizing shareholder value [6] - The business scope includes research, manufacturing, and sales of waterproof, fireproof, anti-corrosion, sealing, and insulation materials, as well as various electronic materials and products [6][7] Shares - The company's shares are issued in the form of stocks, with a par value of RMB 1.00 per share [8] - The total number of shares issued at the establishment of the company was 60 million shares, with 100% held by the founding shareholders [8] Shareholder Rights and Obligations - Shareholders have the right to receive dividends and participate in decision-making processes, including voting at shareholder meetings [13] - 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 [19] Shareholder Meetings - The company holds annual shareholder meetings within six months after the end of the fiscal year, and temporary meetings can be called under specific circumstances [50][51] - Shareholder meetings must be announced at least 20 days in advance for annual meetings and 15 days for temporary meetings [62] Decision-Making and Voting - Major decisions, such as capital increases, mergers, and significant transactions, require approval from the shareholders' meeting [45][48] - The voting process must comply with legal and regulatory requirements, ensuring that all shareholders have the opportunity to participate [31][32]