公司章程英文版

1、公司章程英文版ArticlesofAssociationOfChongqing,ChinaDate:,2005TableofContentsArticle1-NameofCompany.3Article2-NameofInvestor3Article3-TheCompany.3Article4-PurposeandScopeofBusinessoftheCompany.4Article5-TotalAmountofInvestmentandRegisteredCapital5Article6-EncumbranceofInvestment6Article7-BoardofDirectors.6

2、Article8-ManagementOrganisation.9Article9-LabourManagement11Article10-TradeUnion.13Article11-Taxes,Finance,AuditandDistributionofProfits.13Article12-BankAccountsandForeignExchange.14Article13-Term.15Article16-Insurance.18Article17-RulesandRegulations.18Article18-Miscellaneous.19Thepresentarticlesare

3、herebyformulatedby.(hereinafterreferredtoasthe“Investor”)inaccordancewiththeLawofthePeoplesRepublicofChina(“PRC)onWhollyForeign-OwnedEnterprisesandotherapplicableChineselawsandregulations,fortheestablishmentofthewhollyforeign-ownedenterprise(the“Company)inChongqing,PRC.Article1-NameofCompanyNameofth

4、eCompanyinEnglish:NameoftheCompanyinChinese:LegalAddress:LegalRepresentative:Position:Nationality:Article2-NameofInvestorNameoftheInvestorinEnglish:LegalAddress:LegalRepresentative:Position:Nationality:Article3-TheCompanyLegalPersonTheCompanyshallbealegalpersonunderthelawsofthePRCsubjecttotheprotect

5、ionandjurisdictionofPRClaw.AlloftheactivitiesoftheCompanyshallcomplywithapplicablePRClawsandregulations.3.1 LimitedLiabilityCompanyTheCompanyshallbealimitedliabilitycompanyunderthelawsofthePRC.TheliabilityoftheInvestorforthelosses,risks,liabilitiesandanyotherobligationswhatsoeveroftheCompanyshallbel

6、imitedtotheregisteredcapitaloftheCompany.3.2 DateofEstablishmentThedateoftheestablishmentoftheCompanyshallbethedateonwhichtheCompanyisissueditsBusinessLicense.3.3 BranchesTheCompanymayestablishbranchofficesandsubsidiariesanywhereinthePRCandabroadupontheapprovaloftheBoardofDirectorsandtheChongqingFor

7、eignTradeandEconomicCommissionoritssuccessorandanyothergovernmentalagencieswhoseapprovalmayberequiredbylawwithrespecttothemattersherein(aExaminationandApprovalAuthority”).Article4-PurposeandScopeofBusinessoftheCompanyPurposeThepurposeoftheCompanyshallbetostrengtheneconomiccooperationandtechnicalexch

8、ange,toimproveandpromoteretailservicesinChongqingandothercitiesinChinabyadoptingadvancedandappropriatetechnologiesandscientificmanagementmethodsandtobringsatisfactoryeconomicbenefitstotheinvestor.3.1 BusinessScope(Thebusinessscopementionedaboveshallbesubjecttotheapprovaloftherelatedindustrialandcomm

9、ercialauthority.)Article5-TotalAmountofInvestmentandRegisteredCapitalTotalAmountofInvestmentThetotalamountofinvestmentoftheCompanyshallbe.5.2RegisteredCapitalTheregisteredcapitaloftheCompanyshallbeContributiontoRegisteredCapitalcash.TheregisteredcapitaloftheCompanyshallbepaidbytheInvestorinInvestors

10、contributiontotheregisteredcapitaloftheCompanyshallbeininstalments.Fifteenpercent(15%)ofthetotalamountoftheregisteredcapitalshallbepaidbytheInvestorwithinthree(3)monthsaftertheDateofEstablishment.Thebalanceoftheregisteredcapitalshallbefullypaidwiththree(3)yearsaftertheDateofEstablishmentaccordingtor

11、elevantChineselawsandregulations.5.3 InvestmentCertificatesTheCompanyshallretainatitsexpenseacertifiedpublicaccountantregisteredinChinatoverifythecapitalcontributionbytheInvestorandissueacapitalverificationreport.TheCompanyshallthenissueaninvestmentcertificatetotheInvestorevidencingthecontributionby

12、theInvestoronthebasisofsuchreport.5.4 DifferencesbetweenTotalAmountofInvestmentandRegisteredCapitalThedifferencebetweenthetotalamountofinvestmentandregisteredcapitaloftheCompanymay,pursuanttothedecisionoftheBoardinaccordancewiththebusinessneedsoftheCompany,beraisedbytheCompanythroughloansfromdomesti

13、cand/orforeignfinancialinstitutions.5.5 ChangesofRegisteredCapitalandTotalAmountofInvestmentAnychangesintheregisteredcapitaland/ortotalamountofinvestmentintheCompanyshallbeapprovedbyaunanimousvoteofalloftheBoardofDirectorspresentinperson,bytelephoneorbyproxyatadulyconvenedmeetingoftheBoardandsubmitt

14、ed,ifrequiredbylaw,totheExaminationandApprovalAuthorityforapproval.Uponreceiptofsuchapproval,theCompanyshallregisterthechangesintheregisteredcapitaland/ortotalamountofinvestmentwiththeoriginaldepartmentofadministrationofindustryandcommerce.Article6Investment-EncumbraneeofTheInvestorshallhavetheright

15、toassign,sellorotherwisedisposeofalloranypartofitsregisteredcapitalintheCompanyupontheunanimousapprovaloftheBoardofDirectorsandthecarryingoutproceduretochangeregistrationwiththeoriginalregistrationbody.Article7Directors-Boardof7.17.1FormationofBoardThedateofissuanceoftheCompanysBusinessLicenseshallb

16、ethedateoftheestablishmentoftheBoardofDirectors(“Board”).(a) TheBoardofDirectorsshallbecomposedofthree(3)DirectorswhoshallbeallappointedbytheInvestor.TheDirectorsshalleachhaveatermofofficeoffoursterm.TheInvestorwillappointthechairmanoftheboardfromamongtheDirectors.(b) SubjecttoArticle15,thechairmano

17、ftheBoardshallbethelegalrepresentativeoftheCompanyandshallhavethepowertorepresentandactonbehalfoftheCompany.Wheneverthechairmanisunableorfailstodischargehisduties,theDirectorhavingservedthelongestontheBoardshallrepresenttheCompanyandperformthechairmansduties.7.2 PowersofBoardTheBoardofDirectorsshall

18、bethehighestauthorityoftheCompanyandshallhavetherighttomakedecisionsonallmattersoftheCompany.(a) ResolutionsinvolvingthefollowingmattersshallbeadoptedonlybytheunanimousaffirmativevoteofallDirectorspresentinperson,bytelephoneorbyproxyatadulyconvenedBoardmeeting:(i) amendmentoftheArticlesofAssociation

19、;increaseorassignmentofregisteredcapitalorthetotalamountofinvestment;(ii) mergeroftheCompanywithanyothereconomicorganisation;andtermination,dissolutionorliquidationoftheCompany,orfilingfordebtorrelieforotherrelatedprotectionbyoronbehalfoftheCompanyundertheChinesebankruptcylawsoranalogouslawsorregula

20、tions.(b) ResolutionsinvolvingthefollowingmattersshallbesubjecttoandadoptedbythesimplemajorityaffirmativevoteofallDirectorspresentinperson,bytelephoneorbyproxyatadulyconvenedBoardmeeting:(i)issuanceofanyguaranteesforthepaymentobligationsofanypersonorentityorthemakingofanyotherfinancingarrangements,t

21、heamountofwhichismorethanRMB1million;(ii)mortgage,pledgeorgrantingofasecurityinterestorothertypesofliensinanybuilding,officespaceorotherfixedassetsorcapitalequipmentoftheCompany,theamountofwhichismorethanRMB1million;(iii)million;loanand/orborrowing,theamountofwhichismorethanRMB1theamountofwhichismor

22、ethanRMB1million;(iv)rentalagreements,theamountofwhichismorethanRMB1million;(v)investmentand/ordisposaloftangibleandintangibleassets,(vi)Company;additionofitemstoorchangeofthescopeofbusinessofthe(vii)establishmentofbranchofficesand/orsubsidiaries;(viii)changeofthelegaladdressoftheCompany;(ix)distrib

23、utionandpaymentoftheCompanysprofits;(x)appointment,suspensionanddismissalofthegeneralmanager,deputygeneralmanagerandchieffinancialofficer,aswellaseachoftheirscopeofauthority;managerandchieffinancialofficerunderArticle8.1(b);(xi)approvalofremunerationandbenefitsofthegeneralmanager,deputygeneral(xii)C

24、ompany;approvalofequityinvestmentwiththeamountmorethanRMB1millionbythe(xiii)contribution,useorexpenditureofthegeneralreservefund,thebonusandwelfarefundandtheenterpriseexpansionfundtobeestablishedunderPRClaw;oftheissuanceoftheBusinessLicense.(xiv)approvaloftheannualbusinessplanandannualbudgetoftheCom

25、pany;(xv)approvaloftheannualauditingreportoftheCompany;and(xvi)othermatterstheBoardconsiderssubjecttoitsapproval.7.3Meetings(a)ThefirstBoardmeetingshallbeheldwithinsixty(60)daysfromthedate(b) TheBoardshallmeetatleastonceayear.BoardmeetingsshallbeheldatthelegaladdressoftheCompanyunlessotherwisedeterm

26、inedbytheBoardofDirectors.Two-thirdsofalloftheDirectorsshallconstituteaquorumforanyBoardmeeting.Ifatanyproperlyconvenedmeeting,noquorumispresent,thentheBoardshallreconveneatthesametimeandplaceoneweeklaterunlessotherwisenotifiedbythechairman.(c) ThechairmanoftheBoardshallsettheagendaofBoardmeetingsan

27、dshallberesponsibleforconveningandpresidingoversuchmeetings.(d) ThechairmanoftheBoardshallcallaninterimmeetingoftheBoardunderarequestthereforfromnofewerthanoneDirectorspecifyingthematterstobediscussed,andshallnotifyallDirectorsinwritingtheagendaandsubjectofthemeeting.(e) ThechairmanoftheBoardshallse

28、ndwrittennoticetoallDirectorsatleastfourteen(14)dayspriortoanyregular,seven(7)daysinthecaseofaninterimmeetingtobeheld,statingtheagenda,timeandplaceofthemeeting.Suchnoticemay,however,bewaivedbytheunanimousconsentofallDirectorspriororatthemeetinginperson,bytelephoneorbyproxy.IfnoticeisnotwaivedbytheDi

29、rectors,aBoardmeetingshallbeconvenednolessthanfourteen(14)daysandnomorethantwentyeight(28)daysfromthedateofissuanceofthenoticeinthecaseofaregularmeeting,andnolessthanseven(7)daysandnomorethanfourteen(14)daysfromthedateofissuanceofthenoticeinthecaseofaninterimmeeting.(f) ShouldaDirectorbeunabletoatte

30、ndaBoardmeetingforanyreason,hemayappointaproxyinwritingbymailorfacsimileorhand-deliverytobepresentandtovoteatthemeetingonhisbehalf.AproxymayrepresentoneormoreDirectors.AproxyshallhavethesamerightsandpowersastheDirectorwhoappointedhim.(g) Boardresolutionsmayalsobepassedthroughawrittencircularvoteviam

31、ailorfacsimileexchange.SuchwrittenresolutionsshallbefiledwiththeminutesoftheBoardandshallhavethesameforceandeffectasavotetakenbytheDirectorsphysicallypresentatameeting.(h) BoardmeetingsmayalsobeheldbytelephoneorotherelectronicaudiomeanssuchthateveryonecanheareachotheratalltimesandparticipationbyaDir

32、ectororhisproxyinameetingbysuchmeansshallconstitutepresenceofsuchDirectororhisproxyinpersonatameeting.(i) DirectorsshallserveasDirectorswithoutremunerationunlessotherwiseapprovedbytheBoard.Allreasonablecosts,includinground-tripairplaneticketsandreasonableaccommodationincurredbyanyDirectororhisproxyf

33、orattendingaBoardmeetingandforperformanceofdutiesassignedbytheBoard,shallbereimbursedbytheCompany.RemunerationandotherexpensesofeachDirectorunrelatedtoCompanybusinessshallnotbebornebytheCompany.IfaDirectoralsoassumesapositionasamanagerorstaffemployeeintheCompany,heshallbecompensatedbytheCompanyaccor

34、dingtothatposition.(j) EachDirectorshallhaveonevote.7.4SecretaryMinutesofBoardmeetingsshallbesignedbythechairmanatthenextmeetingofDirectorsafterhavingbeenconfirmedasatrueandcorrectrecordofthepriormeetingbyamajorityoftheDirectorspresentatthepriormeetinginperson,bytelephoneorbyproxy.Inordertofacilitat

35、ethesmoothconductofBoardbusiness,thechairmanor,inthechairmansabsence,aDirectorappointedbythechairmantoactonhisbehalf,mayappointasecretaryforthepurposeofanyBoardmeeting.Thedutiesofthesecretaryshallincludetakingminutesofthemeeting,translatingorarrangingforthetranslationofdocuments,anddeliveringdocumen

36、tsrelatingtothemeetingtotheDirectors.MinutesofBoardmeetingsshallbekeptinKoreanandalsoChineseifrequestedbyanyDirector,andbeplacedonfileattheCompanysheadoffice.Article-ManagementOrganization8.1 ManagementOrganisationTheBoardofDirectorsoftheCompanyshallestablishamanagementorganisation,whichshallberespo

37、nsibletoandundertheleadershipoftheBoardandinchargeoftheday-to-dayoperationandmanagementoftheCompany.UnlessotherwisedecidedbytheBoard,theoperationandmanagementorganisationshallbemadeofonegeneralmanager,onedeputygeneralmanagerandonechieffinancialofficer(collectively,the“SeniorCorporateOfficers”).(a) T

38、heappointmentoftheSeniorCorporateOfficersandtheirremunerationandbenefitsshallbeapprovedbyamajorityaffirmativevoteoftheDirectorspresentatameetingoftheBoardinperson,bytelephoneorbyproxy.(b) ThetermofofficefortheSeniorCorporateOfficersshallbefouryears,whichtermsmayberenewed.(c) IfanyoftheSeniorCorporat

39、eOfficersshallresign,retire,becomeincapacitated,orisremovedfromofficebytheBoardofDirectors,theBoardshallappointareplacement.(d) TheBoardofDirectorsmayremoveanySeniorCorporateOfficeratanytime,notwithstandinganyemploymentorservicecontractbetweentheCompanyandsuchSeniorCorporateOfficerbutwithoutprejudic

40、etotheSeniorCorporateOfficerscompensationfortermination(ifany).(e) ThechairmanoftheBoardofDirectorsandotherDirectorsmayconcurrentlyserveasaSeniorCorporateOfficeraswellasanyotherofficeroftheCompany.8.2 ResponsibilitiesandPowersofSeniorCorporateOfficersTheBoardofDirectorsshallhavethepowerbymajoritydec

41、isiontodetermine,qualify,andchangeinanywaythepower,responsibilityandauthorityoftheSeniorCorporateOfficers.TheSeniorCorporateOfficersshallimplementthedecisionsoftheBoardofDirectorswithoutanycondition.(a) SubjecttoanyqualificationsandlimitationsasmaybesetbytheBoardfromtimetotime,thegeneralmanagershall

42、beresponsibleforthedailymanagementandoperationoftheCompany;thedeputygeneralmanagershall,undertheleadershipofthegeneralmanager,assistthegeneralmanagerinthedailymanagementandoperationoftheCompany;andthechieffinancialofficershall,undertheleadershipofthegeneralmanager,beresponsibleforthefinancialandacco

43、untingmattersoftheCompany.(b) ThegeneralmanagershallpreparetheannualbusinessplanandbudgetforeachyearforBoardapproval.UnlesstheBoardshalldecideotherwise,thegeneralmanagershallsubmiteachyearsbusinessplanandbudgettotheBoardforapprovalnolaterthantwomonthspriortothecommencementofthefiscalyear.8.3 Non-com

44、petitionNoSeniorCorporateOfficersshallinanywayservefor,oractforthebenefitorinterestof,anyotherperson,company,unit,entityororganisationorparticipateinanyactivitiesconductedbysuchperson,company,entity,unitororganisationwhichmay,directlyorindirectly,conflictorcompetewiththeinterestorbusinessoftheCompan

45、yortheInvestorGroupinChina,andforthepurposesoftheseArticlesaInvestorGroup”meansthegroupconstitutedbytheInvestor,itssubsidiaries,itsholdingcompanies,andsubsidiariesofitsholdingcompanies.(a) AllothermanagementpersonneloftheCompanyshallbeforbiddenfromconcurrentlyservingfororworkingatanyothercompany,uni

46、t,entityororganisationwhatsoeverunlessauthorizedbythegeneralmanagerandapprovedorratifiedbytheBoard.AnypersonnelinviolationofsuchprohibitionshallbesubjecttoimmediatedismissalbythegeneralmanagerunlesstheBoardshalldecideotherwise.8.4 DismissalAnySeniorCorporateOfficerwhomisusesorabuseshispositionforper

47、sonalends,engagesingraftorbriberyinconnectionwiththeCompanysbusiness,actsinviolationofanyBoarddecisionsorlaws,actsinanywayincompetitionwiththeCompanyasprohibitedhereunder,isseriouslyderelictinhisduties,orfailstoperformanyassignedtaskswithoutduecauseshallbedismissedbytheBoardofDirectorswithoutanycomp

48、ensation.Uponsuchdismissal,theBoardshallimmediatelyappointareplacement.Anyothermanagementpersonnelwhoengageinsuchimproperactivitiesshallbeimmediatelydismissedbythegeneralmanager.Article9Management-LabourGoverningPrincipleTheCompanyshallbeentitledtofullenterpriseautonomygrantedtoforeigninvestmentente

49、rprisesandshallhavecompleteauthorityoverthehiringanddismissalofitsemployees.Therecruitment,employment,discipline,dismissalandresignationoftheemployeesoftheCompanyandtheirwages,salaries,insurance,welfarebenefitsandothermattersshallbehandledinaccordancewiththerelevantPRClaws.9.1 LabourContractTheCompa

50、nyshallconcludeindividualemploymentcontractswithstaffandworkersdirectly.TheCompanyshallfilesuchcontractswiththeLabourDepartmentfortherecord.9.2ordecreaseinthetotalnumberofemployeesoftheCompany,duetosuchfactorsasexpansionorreductionofbusinessorincreasedordecreasedefficiency,shallrequiretheapprovaloft

51、hegeneralmanager.9.3 LabourandPersonnelPoliciesMatterssuchasemployment,dismissal,resignation,wages,insurance,welfarebenefits,rewardanddisciplineofstaffandworkersoftheCompanyaswellastitletoandtherighttoapplyforcopyrightprotection,patentprotectionandotherrightsregardinginventionsandworksofauthorshipin

52、thecourseofemploymentshallbesetbydecisionoftheBoardandstipulatedinthelabourandpersonnelpoliciesoftheCompanyandthelabourcontractsbetweentheCompanyandtheemployees.(a) TheinitiallabourandpersonnelpoliciesoftheCompanyshallbepreparedbythegeneralmanagerforapprovalbytheBoard.Thesepoliciesshallbeconsistentw

53、ithapplicablelawsandregulationsofChina.(b) ThegeneralmanagershallimplementhiringpolicieswherebyallPRCemployeesoftheCompanyshallbeselectedonthebasisofexaminationandshallhavethemostcompetitivemeritsandqualifications.Inthisregard,uponthereceiptofnecessaryapprovals,theCompanymayhirequalifiedpersonnelfro

54、manywherewithinChinaand,ifnecessary,fromforeigncountries.(c) TheCompanyshallsignnon-competitionandconfidentialityagreementswithitsemployeesinaccordancewiththeprinciplesherein.9.4 PowerofGeneralManagerSubjecttoanylimitationstheBoardmayset,thegeneralmanagershallhavethepowerto,accordingtothedegreeofser

55、iousnessofthecase,givewarnings,recorddemerits,deductwages,dismissorotherwiseremove,anystaffmemberorworkerappointedbyhimwhohasviolatedthetermsofthelabourcontractortherules,regulationsorlabourdisciplineoftheCompanyorapplicablelaw.Article10-TradeUnionThestaffandworkersoftheCompanymayestablishatradeunio

56、ninaccordancewiththeLawofthePeoplesRepublicofChinaonWhollyForeign-OwnedEnterprisesandtheTradeUnionLawofthePRCActivitiesofthetradeunionshallbeconductedafternormalworkinghours,shallnotinterferewiththenormaloperationsoftheCompanyandshallconformwiththerelevantregulations.Ifatradeunionisestablishedbythes

57、taffandworkersoftheCompany,theCompanyshallpaytwopercent(2%)ofthetotalamountofwagesreceivedbytheemployeesoftheCompanyintotheCompanystradeunionfundforsuchtradeunionsuseinaccordancewithapplicablelawsofthePRConthemanagementoftradeunionfunds.Article11-Taxes,Finance,AuditandDistributionofProfitsavailableu

58、nderthePRClaw.11.1Taxes(a)regulations.TheCompanyshallpaytaxesinaccordancewithrelevantPRClawsandTheCompanyshallapplyforallpreferentialtaxandcustomstreatment(b)TheCompanyshallapplyforallreductionsoforexemptionsfromrelevanttaxes,dutiesandotherlevieswhicharenowavailableorwillbecomeavailableforsuchwhollyforeignownedenterprisessuchastheCompanyorfortheInvestorunderanylawsandregulationsofthePRC.11.2 FinancesThefinancialandaccountingaffairsoftheCompanyshallbehandledconsistentlywith