Core Points - The company, Shanghai Challenge Textile Company Limited, was established in accordance with Chinese laws and regulations, with its registration completed on April 23, 2008 [2][3] - The company underwent a change in its business structure from a Sino-foreign joint venture to a domestic enterprise in June 2016 [2] - The registered capital of the company is RMB 828,127,200, and it is a permanent joint-stock company [3][4] Chapter 1: General Provisions - The company aims to protect the legal rights of shareholders and creditors while regulating its organization and operations [2] - The company is governed by various laws including the Company Law and the Securities Law of the People's Republic of China [2] Chapter 2: Business Objectives and Scope - The company's business objectives include enhancing economic cooperation, technological exchange, and developing international markets [4] - The business scope includes high-end fabric weaving, dyeing, and finishing, as well as the production and sale of clothing and special textiles [5] Chapter 3: Shares - The company issues shares in the form of stocks, with each share having a face value of RMB 1 [5][6] - The total number of shares is 828,127,200, with various founding shareholders holding specific percentages of the total shares [6] Chapter 4: Shareholders and Shareholder Meetings - Shareholders have rights to dividends, participate in meetings, and supervise the company's operations [12][13] - The company must hold an annual general meeting within six months after the end of the previous fiscal year [17] - Shareholder meetings can be called by the board of directors or by shareholders holding a significant percentage of shares [20][21] Chapter 5: Voting and Resolutions - Resolutions at shareholder meetings can be ordinary or special, with different voting thresholds required for each type [30] - Ordinary resolutions require more than half of the voting rights, while special resolutions require two-thirds [30][31] Chapter 6: Legal Compliance - The company must comply with legal requirements regarding the disclosure of information and the conduct of shareholder meetings [34][35] - The company is obligated to provide a platform for shareholders to participate in meetings, including online voting options [34]