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到境外上市公司章程必备条款(一)到境外上市公司章程必备条款THEARTICLESOFASSOCIATIONOFCOMPANIESSEEKINGALISTINGOUTSIDETHEPRCPREREQUISITECLAUSES证委发BYMEANSOFSPONSORSHIPADMINISTRATIONFORINDUSTRYANDCOMMERCEONYEARSPERCENTOFTHETOTALNUMBEROFORDINARYSHARESTHATMAYBEISSUEDBYTHECOMPANYARTICLE16AFTERITSESTABLISHMENT,THECOMPANYSHALLISSUEORDINARYSHARES,INCLUDINGNOTLESSTHANANDNOTMORETHANFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINA,ACCOUNTINGFORPERCENTOFTHETOTALNUMBEROFORDINARYSHARESTHATMAYBEISSUEDBYTHECOMPANY,ANDDOMESTICINVESTMENTSHARESISSUEDTOTHEPUBLICTHECOMPOSITIONOFTHECOMPANYSSHARECAPITALSHALLBEORDINARYSHARES,OFWHICHTHESPONSORSSHALLHOLDSHARESANDHOLDERSOFFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINASHALLHOLDSHARESARTICLE17AFTERTHEPLANFORISSUINGFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINAANDDOMESTICINVESTMENTSHARESHASBEENAPPROVEDBYTHESTATECOUNCILAUTHORITIESINCHARGEOFSECURITIES,THEBOARDOFDIRECTORSOFTHECOMPANYMAYARRANGEFORIMPLEMENTATIONOFSUCHPLANBYMEANSOFSEPARATEISSUESTHECOMPANYSPLANFORSEPARATEISSUESOFFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINAANDDOMESTICINVESTMENTSHARESINACCORDANCEWITHTHEPRECEDINGPARAGRAPHMAYBEIMPLEMENTEDSEPARATELYWITHIN15MONTHSOFBEINGAPPROVEDBYTHESTATECOUNCILSECURITIESCOMMISSIONARTICLE18WHERETHECOMPANYISSUESFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINAANDDOMESTICINVESTMENTSHARESSEPARATELYWITHINTHETOTALNUMBEROFSHARESSPECIFIEDINTHEISSUEPLAN,EVERYSUCHISSUESHALLBEFULLYSUBSCRIBEDFORINONETIMEWHERESPECIALCIRCUMSTANCESMAKEITIMPOSSIBLEFOREVERYSUCHISSUETOBEFULLYSUBSCRIBEDFORATONETIME,THESHARESMAYBEISSUEDINSEVERALSTAGES,SUBJECTTOTHEAPPROVALOFTHESTATECOUNCILSECURITIESCOMMISSIONARTICLE19THEREGISTEREDCAPITALOFTHECOMPANYSHALLBERENMINBI(INCLUDINGTHEPREMIUMSFROMTHEFRESHSHAREISSUE)ATTHETIMEOFBUYBACK;3THESUMSPAIDBYTHECOMPANYFORTHEPURPOSESSETFORTHBELOWSHALLBEPAIDOUTOFTHECOMPANYSDISTRIBUTABLEPROFITS(1)ACQUISITIONOFTHERIGHTTOBUYBACKITSOWNSHARES;(2)MODIFICATIONOFANYCONTRACTFORBUYBACKOFITSOWNSHARES;(3)RELEASEFROMANYOFITSOBLIGATIONSUNDERANYBUYBACKCONTRACT4AFTERTHEPARVALUEOFTHEANNULLEDSHARESHASBEENDEDUCTEDFROMTHEREGISTEREDCAPITALOFTHECOMPANYINACCORDANCEWITHRELEVANTREGULATIONS,THATPORTIONOFTHEAMOUNTDEDUCTEDFROMTHEDISTRIBUTABLEPROFITANDUSEDTOBUYBACKSHARESATTHEPARVALUEOFTHEBOUGHTBACKSHARESSHALLBEINCLUDEDINTHECOMPANYSPREMIUMACCOUNTORCAPITALCOMMONRESERVEAMOUNTPARTFIVEFINANCIALASSISTANCEFORTHEPURCHASEOFCOMPANYSHARESARTICLE29THECOMPANYORITSSUBSIDIARIESSHALLNOTATANYTIMEPROVIDEANYFINANCIALASSISTANCEINANYFORMTOPURCHASERSORPROSPECTIVEPURCHASERSOFTHESHARESINTHECOMPANYPURCHASERSOFSHARESINTHECOMPANYASREFERREDTOABOVESHALLINCLUDEPERSONSTHATDIRECTLYORINDIRECTLYUNDERTAKEOBLIGATIONSFORTHEPURPOSEOFPURCHASINGSHARESINTHECOMPANYTHECOMPANYORITSSUBSIDIARIESSHALLNOTATANYTIMEPROVIDEANYFINANCIALASSISTANCEINANYFORMTOTHEABOVEOBLIGATORSINORDERTOREDUCEORDISCHARGETHEIROBLIGATIONSTHEPROVISIONSOFTHISARTICLESHALLNOTAPPLYTOTHECIRCUMSTANCESDESCRIBEDINARTICLE31OFTHISPARTARTICLE30FORTHEPURPOSESOFTHISPART,THISTERMFINANCIALASSISTANCESHALLINCLUDE(BUTNOTLIMITEDTO)THEFINANCIALASSISTANCEINTHEFORMSSETOUTBELOW1GIFT;2GUARANTEE(INCLUDINGTHEUNDERTAKINGOFLIABILITYORPROVISIONSOFPROPERTYBYTHEGUARANTORINORDERTOSECURETHEPERFORMANCEOFTHEOBLIGATIONBYTHEOBLIGATOR),INDEMNITY(NOTINCLUDING,HOWEVER,INDEMNITYARISINGFROMTHECOMPANYSOWNFAULT)ANDRELEASEORWAIVEROFRIGHTS;3PROVISIONOFALOANORCONCLUSIONOFACONTRACTUNDERWHICHTHEOBLIGATIONSOFTHECOMPANYARETOBEFULFILLEDPRIORTOTHEOBLIGATIONSOFTHEOTHERPARTYTOTHECONTRACT,ORACHANGEINTHEPARTYTOSUCHLOANORCONTRACTASWELLASTHEASSIGNMENTOFRIGHTSUNDERSUCHLOANORCONTRACT;AND4FINANCIALASSISTANCEINANYOTHERFORMWHENTHECOMPANYISINSOLVENTORHASNONETASSETSORWHENSUCHASSISTANCEWOULDLEADTOAMAJORREDUCTIONINTHECOMPANYSNETASSETSFORTHEPURPOSESOFTHISPART,THETERMUNDERTAKEOBLIGATIONSSHALLINCLUDETHEUNDERTAKINGOFANOBLIGATIONBYTHEOBLIGATORBYCONCLUDINGACONTRACTORMAKINGANARRANGEMENT(WHETHERORNOTSUCHCONTRACTORARRANGEMENTISENFORCEABLEANDWHETHERORNOTSUCHOBLIGATIONISUNDERTAKENBYTHEOBLIGATORINDIVIDUALLYORJOINTLYWITHANYOTHERPERSON)ORBYCHANGINGITSFINANCIALPOSITIONINANYOTHERWAYARTICLE31THEACTSLISTEDBELOWSHALLNOTBEREGARDEDASACTSPROHIBITEDUNDERARTICLE29OFTHISPART1WHERETHECOMPANYPROVIDESTHERELEVANTFINANCIALASSISTANCETRUTHFULLYFORTHEBENEFITOFTHECOMPANYANDTHEMAINPURPOSEOFTHEFINANCIALASSISTANCEISNOTTOPURCHASESHARESINTHECOMPANY,ORTHEFINANCIALASSISTANCEISANINCIDENTALPARTOFANOVERALLPLANOFTHECOMPANY;2LAWFULDISTRIBUTIONOFTHECOMPANYSPROPERTYINTHEFORMOFDIVIDENDS;3DISTRIBUTIONOFDIVIDENDSINTHEFORMOFSHARES;4REDUCTIONOFREGISTEREDCAPITAL,BUTBACKOFSHARES,SHAREHOLDINGSTRUCTURING,ETC,INACCORDANCEWITHTHEARTICLESOFASSOCIATIONOFTHECOMPANY;5PROVISIONOFALOANBYTHECOMPANYWITHINITSSCOPEOFBUSINESSANDINTHEORDINARYCOURSEOFITSBUSINESS(PROVIDEDTHATTHESAMEDOESNOTLEADTOAREDUCTIONINTHENETASSETSOFTHECOMPANYORTHATIFTHESAMECONSTITUTESAREDUCTION,THEFINANCIALASSISTANCEWASPAIDOUTOFTHECOMPANYSDISTRIBUTABLEPROFITS);AND6THEPROVISIONOFMONEYBYTHECOMPANYFORANEMPLOYEESHAREHOLDINGSCHEME(PROVIDEDTHATTHESAMEDOESNOTLEADTOAREDUCTIONINTHENETASSETSOFTHECOMPANYORTHATIFTHESAMECONSTITUTESAREDUCTION,THEFINANCIALASSISTANCEWASPAIDOUTOFTHECOMPANYSDISTRIBUTABLEPROFITS)。PARTSIXSHARECERTIFICATESANDREGISTEROFSHAREHOLDERSARTICLE32THECOMPANYSSHARESSHALLBEINREGISTEREDFORMINADDITIONTOTHEPARTICULARSPROVIDEDFORINTHECOMPANYLAW,THESHARECERTIFICATESOFTHECOMPANYSHALLCLEARLYSTATESUCHOTHERPARTICULARSASREQUIREDTOBESPECIFIEDBYTHESECURITIESEXCHANGE(S)ONWHICHTHECOMPANYSSHARESARELISTEDARTICLE33THESHARECERTIFICATESSHALLBESIGNEDBYTHECHAIRMANOFTHEBOARDOFDIRECTORSWHERETHESIGNATURESOFOTHERSENIORMANAGEMENTSTAFFOFTHECOMPANYAREREQUIREDBYTHESECURITIESEXCHANGE(S)ONWHICHTHECOMPANYSSHARESARELISTED,THESHARECERTIFICATESSHALLALSOBESIGNEDBYSUCHOTHERSENIORMANAGEMENTSTAFFTHESHARECERTIFICATESSHALLBECOMEEFFECTIVEAFTERTHECOMPANYSEALISAFFIXEDTHERETOORPRINTEDTHEREONTHESIGNATUREOFTHECHAIRMANOFTHEBOARDOFDIRECTORSOROFOTHERSENIORMANAGEMENTSTAFFONTHESHARECERTIFICATESMAYALSOBEINPRINTEDFORMARTICLE34THECOMPANYSHALLKEEPAREGISTEROFSHAREHOLDERS,INWHICHTHEFOLLOWINGPARTICULARSSHALLBERECORDED1THENAME,ADDRESS(DOMICILE),PROFESSIONORNATUREOFEACHSHAREHOLDER;2THECATEGORYANDNUMBEROFSHARESHELDBYEACHSHAREHOLDER;3THEAMOUNTPAIDORPAYABLEFORTHESHARESHELDBYEACHSHAREHOLDER;4THESERIALNUMBEROFTHESHARESHELDBYEACHSHAREHOLDER;5THEDATEONWHICHEACHSHAREHOLDERISREGISTEREDASASHAREHOLDER;AND6THEDATEONWHICHEACHSHAREHOLDERCEASESTOBEASHAREHOLDERARTICLE35THECOMPANYMAY,PURSUANTTOANUNDERSTANDINGORAGREEMENTREACHEDBETWEENTHESTATECOUNCILAUTHORITIESINCHARGEOFSECURITIESANDASECURITIESREGULATORYORGANIZATIONOUTSIDETHEPEOPLESREPUBLICOFCHINA,KEEPOUTSIDETHEPEOPLESREPUBLICOFCHINAITSREGISTEROFHOLDERSOFFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINA,ANDENTRUSTTHEADMINISTRATIONTHEREOFTOANAGENTOUTSIDETHEPEOPLESREPUBLICOFCHINATHECOMPANYSHALLKEEPATITSDOMICILEADUPLICATEOFTHEREGISTEROFHOLDERSOFFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINATHEAPPOINTEDAGENTOUTSIDETHEPEOPLESREPUBLICOFCHINASHALLENSURETHATTHEREGISTEROFHOLDERSOFFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINAANDITSDUPLICATEARECONSISTENTATALLTIMESWHENTHEORIGINALANDDUPLICATEOFTHEREGISTEROFHOLDERSOFFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINAAREINCONSISTENT,THEORIGINALSHALLPREVAILARTICLE36THECOMPANYSHALLKEEPACOMPLETEREGISTEROFSHAREHOLDERS1THEREGISTEROFSHAREHOLDERSSHALLINCLUDETHEFOLLOWINGPARTS2AREGISTERKEPTATTHECOMPANYSDOMICILEOTHERTHANTHOSEPROVIDEDFORUNDERITEMS(2)AND(3)OFTHISPARAGRAPH;3THEREGISTER(S)OFHOLDERSOFFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINAKEPTINTHEPLACE(S)OFTHESTOCKEXCHANGE(S)OUTSIDETHEPEOPLESREPUBLICOFCHINAONWHICHTHESHARESARELISTED;ANDREGISTERSOFSHAREHOLDERSKEPTINSUCHOTHERPLACESASTHEBOARDOFDIRECTORSMAYDECIDENECESSARYFORLISTINGPURPOSESARTICLE37THEVARIOUSPARTSOFTHEREGISTEROFSHAREHOLDERSSHALLNOTOVERLAPONEANOTHERTHETRANSFEROFSHARESREGISTEREDINACERTAINPARTOFTHEREGISTEROFSHAREHOLDERSSHALLNOT,DURINGTHECONTINUANCEOFTHEREGISTRATIONOFSUCHSHARES,BEREGISTEREDINANYOTHERPARTOFTHEREGISTERCHANGESANDCORRECTIONSTOEACHPARTOFTHEREGISTEROFSHAREHOLDERSSHALLBECARRIEDOUTINACCORDANCEWITHTHELAWSOFTHEPLACESWHEREEACHPARTISKEPTARTICLE38NOCHANGESRESULTINGFROMSHARETRANSFERSMAYBEMADETOTHEREGISTEROFSHAREHOLDERSWITHIN30DAYSPRIORTOASHAREHOLDERSGENERALMEETINGOR5DAYSPRIORTOTHEREFERENCEDATESETBYTHECOMPANYFORTHEPURPOSEOFDISTRIBUTIONOFDIVIDENDSARTICLE39WHENTHECOMPANYISTOCONVENEASHAREHOLDERSGENERALMEETING,DISTRIBUTEDIVIDENDS,BELIQUIDATEDORTOCARRYOUTOTHERACTSREQUIRINGCONFIRMINGOFEQUITYINTERESTS,THEBOARDOFDIRECTORSSHALLDECIDEADATEFORDETERMINATIONOFEQUITYINTERESTSSHAREHOLDERSWHOSENAMESAPPEARONTHEREGISTERATTHEENDOFTHATDAYSHALLBETHESHAREHOLDERSOFTHECOMPANYARTICLE40ANYPERSONTHATCHALLENGESTHEREGISTEROFSHAREHOLDERSANDREQUIRESHISNAMETOBEENTEREDINTOORREMOVEDFROMTHEREGISTERMAYAPPLYTOACOMPETENTPEOPLESCOURTFORCORRECTIONOFTHEREGISTERARTICLE41ANYSHAREHOLDERWHOISREGISTEREDINTHEREGISTEROFSHAREHOLDERSORREQUIRESHISNAMETOBEENTEREDINTOTHEREGISTEROFSHAREHOLDERSMAYAPPLYTOTHECOMPANYFORISSUANCEOFAREPLACEMENTCERTIFICATEINRESPECTOFSUCHSHARES(RELEVANTSHARES)IFHISSHARECERTIFICATE(ORIGINALSHARECERTIFICATE)ISLOSTAPPLICATIONSFORTHEREPLACEMENTOFSHARECERTIFICATESFROMHOLDERSOFDOMESTICINVESTMENTSHARESWHOHAVELOSTTHEIRCERTIFICATESSHALLBEDEALTWITHINACCORDANCEWITHARTICLE150OFTHECOMPANYLAWAPPLICATIONSFORTHEREPLACEMENTOFSHARECERTIFICATESFROMHOLDERSOFFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINAWHOHAVELOSTTHEIRCERTIFICATESMAYBEDEALTWITHINACCORDANCEWITHTHELAWS,SECURITIESEXCHANGEREGULATIONSANDOTHERRELEVANTREGULATIONSOFTHEPLACEWHERETHEORIGINALREGISTEROFHOLDERSOFFOREIGNINVESTMENTSHARESLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINAISKEPTWHEREHOLDERSOFFOREIGNINVESTMENTSHARESOFACOMPANYLISTEDOUTSIDETHEPEOPLESREPUBLICOFCHINA,WHICHISLISTEDINHONGKONG,APPLYFORREPLACEMENTOFTHEIRCERTIFICATESAFTERLOSINGTHEIRCERTIFICATES,SUCHREPLACEMENTSHALLCOMPLYWITHTHEFOLLOWINGREQUIREMENTS1THEAPPLICANTSHALLSUBMITTHEAPPLICATIONINTHEFORMPRESCRIBEDBYTHECOMPANYACCOMPANIEDBYANOTARIALCERTIFICATEORSTATUTORYDECLARATIONTHENOTARIALCERTIFICATEORSTATUTORYDECLARATIONSHALLINCLUDETHEAPPLICANTSREASONFORTHEAPPLICATION,THECIRCUMSTANCESANDPROOFOFTHELOSSOFTHESHARECERTIFICATEANDADECLARATIONTHATNOOTHERPERSONMAYREQUIREREGISTRATIONASASHAREHOLDERINRESPECTOFTHERELEVANTSHARES;2THECOMPANYSHALLNOTHAVERECEIVEDANYDECLARATIONREQUIRINGREGISTRATIONASASHAREHOLDERINRESPECTOFTHESHARESFROMANYPERSONOTHERTHANTHEAPPLICANTBEFOREITDECIDESTOISSUEAREPLACEMENTSHARECERTIFICATE;3IFTHECOMPANYDECIDESTOISSUEAREPLACEMENTSHARECERTIFICATETOTHEAPPLICANT,ITSHALLPUBLISHAPUBLICANNOUNCEMENTOFITSINTENTIONTODOSOINTHENEWSPAPERSORPERIODICALSDESIGNATEDBYTHEBOARDOFDIRECTORS;THEPERIODOFTHEPUBLICANNOUNCEMENTSHALLBE90DAYS,DURINGWHICHSUCHANNOUNCEMENTSHALLBEPUBLISHEDREPEATEDLYATLEASTONCEEVERY30DAYS;4BEFOREPUBLISHINGTHEPUBLICANNOUNCEMENTOFITSINTENTIONTOISSUEAREPLACEMENTSHARECERTIFICATE,THECOMPANYSHALLSUBMITACOPYOFTHEANNOUNCEMENTTOBEPUBLISHEDTOTHESECURITIESEXCHANGEWHEREITISLISTEDANDMAYPROCEEDWITHPUBLICATIONAFTERHAVINGRECEIVEDAREPLYFROMTHESECURITIESEXCHANGECONFIRMINGTHATTHEANNOUNCEMENTHASBEENDISPLAYEDINTHESECURITIESEXCHANGETHECOMPANYSHALLDISPLAYTHEPUBLICANNOUNCEMENTINTHESECURITIESEXCHANGEFORAPERIODOF90DAYSIFTHEAPPLICATIONFORISSUANCEOFAREPLACEMENTSHARECERTIFICATEWASMADEWITHOUTCONSENTOFTHEREGISTEREDHOLDEROFTHERELEVANTSHARES,THECOMPANYSHALLMAILTOSUCHSHAREHOLDERAPHOTOCOPYOFTHEPUBLICANNOUNCEMENTTHATITINTENDSTOPUBLISH;5ATTHEEXPIRATIONOFTHE90DAYPERIODPROVIDEDFORINITEMS(3)AND(4)HEREOF,IFTHECOMPANYHASNOTRECEIVEDANYOBJECTIONTOTHEISSUANCEOFAREPLACEMENTSHARECERTIFICATEFROMANYPERSON,ITMAYISSUEAREPLACEMENTSHARECERTIFICATEACCORDINGTOTHEAPPLICATIONOFTHEAPPLICANT;6WHENTHECOMPANYISSUESAREPLACEMENTSHARECERTIFICATEUNDERTHISARTICLE,ITSHALLIMMEDIATELYCANCELTHEORIGINALSHARECERTIFICATEANDRECORDSUCHCANCELLATIONANDTHEISSUANCEOFTHEREPLACEMENTSHARECERTIFICATEINTHEREGISTEROFSHAREHOLDERS;AND7ALLEXPENSESOFTHECOMPANYFORTHECANCELLATIONOFTHEORIGINALSHARECERTIFICATEANDTHEISSUANCEOFAREPLACEMENTSHARECERTIFICATESHALLBEBORNEBYTHEAPPLICANTTHECOMPANYSHALLBEENTITLEDTOREFUSETOTAKEANYACTIONUNTILTHEAPPLICANTHASPROVIDEDREASONABLESECURITYARTICLE42AFTERTHECOMPANYHASISSUEDAREPLACEMENTSHARECERTIFICATEINACCORDANCEWITHITSARTICLESOFASSOCIATION,ITSHALLNOTDELETEFROMTHEREGISTEROFSHAREHOLDERSTHENAMEOFABONAFIDEPURCHASEROFTHEREPLACEMENTSHARECERTIFICATEMENTIONEDABOVEOROFASHAREHOLDERTHATISSUBSEQUENTLYREGISTEREDASTHEOWNEROFTHESHARES(PROVIDEDTHATHEISABONAFIDEPURCHASER)。ARTICLE43THECOMPANYSHALLNOTBELIABLEFORANYDAMAGESSUFFEREDBYANYPERSONFROMTHECANCELLATIONOFTHEORIGINALSHARECERTIFICATEORTHEISSUANCEOFTHEREPLACEMENTSHARECERTIFICATE,UNLESSTHECLAIMANTCANPROVEFRAUDONTHEPARTOFTHECOMPANYPARTSEVENRIGHTSANDOBLIGATIONSOFSHAREHOLDERSARTICLE44THECOMPANYSSHAREHOLDERSAREPERSONSTHATLAWFULLYHOLDSHARESOFTHECOMPANYANDWHOSENAMESAREENTEREDINTHEREGISTEROFSHAREHOLDERSSHAREHOLDERSSHALLENJOYRIGHTSANDHAVEOBLIGATIONSACCORDINGTOTHECATEGORYANDNUMBEROFSHARESHELDBYTHEMHOLDERSOFSHARESOFTHESAMECATEGORYSHALLENJOYEQUALRIGHTSANDHAVEEQUALOBLIGATIONSARTICLE45HOLDERSOFORDINARYSHARESOFTHECOMPANYSHALLENJOYTHEFOLLOWINGRIGHTS1COLLECTDIVIDENDSANDOTHERPROFITDISTRIBUTIONSONTHEBASISOFTHENUMBEROFSHARESHELDBYTHEM;2PARTICIPATEORTOAPPOINTPROXIESTOPARTICIPATEINSHAREHOLDERSMEETINGSANDEXERCISEVOTINGRIGHTS;3SUPERVISEANDCONTROLTHECOMPANYSBUSINESSACTIVITIES,ANDRAISESUGGESTIONSANDINQUIRIES;4TRANSFERSHARESINACCORDANCEWITHLAWS,ADMINISTRATIVEREGULATIONSANDTHECOMPANYSARTICLESOFASSOCIATION;5OBTAINRELEVANTINFORMATIONINACCORDANCEWITHTHEARTICLESOFASSOCIATIONOFTHECOMPANY,WHICHSHALLINCLUDE(1)OBTAININGTHEARTICLESOFASSOCIATIONOFTHECOMPANYAFTERPAYMENTOFACHARGETOCOVERCOSTS;(2)BEINGENTITLEDTOBROWSEANDMAKEACOPY,AFTERPAYMENTOFREASONABLECHARGES,OF1)ALLPARTSOFTHEREGISTEROFSHAREHOLDERS;2)PERSONALINFORMATIONONTHEDIRECTORS,SUPERVISORS,MANAGERANDOTHERSENIORMANAGEMENTSTAFFOFTHECOMPANY,INCLUDING(21)CURRENTANDPREVIOUSNAMESANDALIASES;(22)MAINADDRESS(DOMICILE);(23)NATIONALITY;(24)FULLTIMEANDALLOTHERPARTTIMEOCCUPATIONSANDDUTIES;AND(25)IDENTIFICATIONDOCUMENTSANDTHEIRNUMBERS3)THESTATUSOFTHECOMPANYSSHARECAPITAL;4)REPORTSOFTHEAGGREGATEPARVALUE,NUMBEROFSHARES,ANDHIGHESTANDLOWESTPRICESOFEACHCATEGORYOFSHARESBOUGHTBACKBYTHECOMPANYSINCETHELASTFISCALYEARASWELLASALLTHEEXPENSESPAIDBYTHECOMPANYTHEREFOR;AND5)THEMINUTESOFSHAREHOLDERSMEETINGS;6PARTICIPATEINTHEDISTRIBUTIONOFTHEREMAININGPROPERTYOFTHECOMPANYACCORDINGTOTHEIRSHAREHOLDINGWHENTHECOMPANYISTERMINATEDORLIQUIDATED;AND7OTHERRIGHTSCONFERREDBYLAWS,ADMINISTRATIVEREGULATIONSANDTHECOMPANYSARTICLESOFASSOCIATIONARTICLE46HOLDERSOFORDINARYSHARESOFTHECOMPANYSHALLHAVETHEFOLLOWINGOBLIGATIONS1TOABIDEBYTHEARTICLESOFASSOCIATIONOFTHECOMPANY;2TOPAYSUBSCRIPTIONFEESONTHEBASISOFTHESHARESSUBSCRIBEDBYTHEMANDTHEMETHODOFCAPITALINJECTION;AND3OTHEROBLIGATIONSIMPOSEDBYLAWS,ADMINISTRATIVEREGULATIONSANDTHECOMPANYSARTICLESOFASSOCIATIONSHAREHOLDERSSHALLNOTBEARANYLIABILITYFORFURTHERCONTRIBUTIONTOSHARECAPITALOTHERTHANTHECONDITIONSAGREEDTOBYTHESUBSCRIBEROFTHERELEVANTSHARESONSUBSCRIPTIONARTICLE47INADDITIONTOOBLIGATIONSIMPOSEDBYLAWS,ADMINISTRATIVEREGULATIONSORTHELISTINGRULESOFTHESECURITIESEXCHANGE(S)ONWHICHTHESHARESOFTHECOMPANYARELISTED,CONTROLLINGSHAREHOLDERSMAYNOT,INTHEEXERCISEOFTHEIRSHAREHOLDERSPOWERS,MAKEDECISIONSPREJUDICIALTOTHEINTERESTSOFALLORPARTOFTHESHAREHOLDERSASARESULTOFTHEEXERCISEOFTHEIRVOTINGRIGHTSONTHEISSUESSETFORTHBELOW1RELIEVINGADIRECTORORSUPERVISOROFTHERESPONSIBILITYTOACTHONESTLYINTHEBESTINTERESTOFTHECOMPANY;2APPROVINGADIRECTORORSUPERVISOR(FORHISOWNORANOTHERPERSONSBENEFIT)OFDEPRIVINGTHECOMPANYOFITSPROPERTYINANYWAY,INCLUDING(BUTNOTLIMITEDTO)ANYOPPORTUNITIESTHATAREFAVOURABLETOTHECOMPANY;OR3APPROVINGADIRECTORORSUPERVISOR(FORHISOWNORANOTHERPERSONSBENEFIT)OFDEPRIVINGOTHERSHAREHOLDERSOFTHEIRRIGHTSORINTERESTS,INCLUDING(BUTNOTLIMITEDTO)RIGHTSTODISTRIBUTIONSANDVOTINGRIGHTS,UNLESSPURSUANTTOARESTRUCTURINGOFTHECOMPANYSUBMITTEDTOANDADOPTEDBYTHESHAREHOLDERSGENERALMEETINGINACCORDANCEWITHTHEARTICLESOFASSOCIATIONOFTHECOMPANYARTICLE48FORTHEPURPOSESOFTHEPRECEDINGARTICLE,THETERMCONTROLLINGSHAREHOLDERSHALLREFERTOAPERSONTHATSATISFIESANYOFTHEFOLLOWINGCONDITIONS1HE,ACTINGALONEORINCONCERTWITHOTHERS,HASTHEPOWERTOELECTMORETHANHALFNUMBEROFTHEDIRECTORS;2HE,ACTINGALONEORINCONCERTWITHOTHERS,HASTHEPOWERTOEXERCISEORCONTROLTHEEXERCISEOF30ORMOREOFTHECOMPANYSVOTINGRIGHTS;3HE,ACTINGALONEORINCONCERTWITHOTHERS,HOLDS30ORMOREOFTHEISSUEDANDOUTSTANDINGSHARESOFTHECOMPANY;OR4HE,ACTINGALONEORINCONCERTWITHOTHERS,ACTUALLYCONTROLSTHECOMPANYINANYOTHERMANNERPARTEIGHTSHAREHOLDERSGENERALMEETINGARTICLE49THESHAREHOLDERSGENERALMEETINGSHALLBETHEORGANOFAUTHORITYOFTHECOMPANYANDSHALLEXERCISETHEFUNCTIONSANDPOWERSACCORDINGTOLAWARTICLE50THESHAREHOLDERSGENERALMEETINGSHALLEXERCISETHEFOLLOWINGFUNCTIONSANDPOWERS1DECIDEONTHEBUSINESSPOLICIESANDINVESTMENTPLANSOFTHECOMPANY;2ELECTANDREPLACEDIRECTORSANDDECIDEONMATTERSCONCERNINGTHEREMUNERATIONOFDIRECTORS;3ELECTANDREPLACETHESUPERVISORSWHOARETOBEAPPOINTEDFROMAMONGTHESHAREHOLDERSREPRESENTATIVESANDDECIDEONMATTERSCONCERNINGTHEREMUNERATIONOFSUPERVISORS;4EXAMINEANDAPPROVEREPORTSOFTHEBOARDOFDIRECTORS;5EXAMINEANDAPPROVEREPORTSOFTHEBOARDOFSUPERVISORS;6EXAMINEANDAPPROVETHECOMPANYSANNUALFINANCIALBUDGETANDFINALACCOUNTPROPOSALS;7EXAMINEANDAPPROVETHECOMPANYSPLANSFORPROFITDISTRIBUTIONANDMAKINGUPLOSSES;8PASSRESOLUTIONSCONCERNINGTHEINCREASEORREDUCTIONOFTHECOMPANYSREGISTEREDCAPITAL;9PASSRESOLUTIONSONMATTERSSUCHASTHEMERGER,DIVISION,DISSOLUTIONORLIQUIDATIONOFTHECOMPANY;10PASSRESOLUTIONSONTHEISSUANCEOFBONDSBYTHECOMPANY;11PASSRESOLUTIONSONTHEEMPLOYMENT,DISMISSALORREFUSALOFEMPLOYMENTOFACCOUNTINGFIRMSBYTHECOMPANY;12AMENDTHEARTICLESOFASSOCIATIONOFTHECOMPANY;13EXAMINETHEMOTIONSRAISEDBYTHESHAREHOLDERSREPRESENTING5ORMOREOFTHECOMPANYSVOTINGSHARES;AND14OTHERMATTERSTHATLAWS,ADMINISTRATIVEREGULATIONSANDTHECOMPANYSARTICLESOFASSOCIATIONREQUIRETOBERESOLVEDBYTHESHAREHOLDERSGENERALMEETINGARTICLE51WITHOUTTHEPRIORAPPROVALOFTHESHAREHOLDERSGENERALMEETING,THECOMPANYMAYNOTCONCLUDEANYCONTACTWITHANYPERSONOTHERTHANADIRECTOR,SUPERVISOR,MANAGEROROTHERSENIORMANAGEMENTSTAFFOFTHECOMPANYFORTHEDELEGATIONOFTHEWHOLEBUSINESSMANAGEMENTORPARTOFTHEIMPORTANTBUSINESSMANAGEMENTOFTHECOMPANYTOTHATPERSONARTICLE52SHAREHOLDERSGENERALMEETINGSSHALLINCLUDEANNUALSHAREHOLDERSMEETINGSANDEXTRAORDINARYSHAREHOLDERSMEETINGSSHAREHOLDERSGENERALMEETINGSSH
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