国际股份有限公司管理条例(中英文对照)

股份管理条例Interpretation

释义

1．IntheseRegulations

一、在本章程中

'Act'meansthecompaniesAct;

'法规'(Act)指《公司法》；

'seal'

meansthecommonsealofthecompany;

“印鉴〞指公司的通常印鉴；

'secretary'meansanypersonappointedtoperformthedutiesofasecretaryofthecompany;

“秘书员〞(secretary〕指任何被指派履行公司秘书员职务的人；

expressionsreferringtowritingshall,unlessthecontraryintentionappears,beconstruedasincludingreferencestoprinting，lithography,photographyandothermodes

ofrepresentingorreproducingwordsinavisibleform;

如无相反旨意，书面表达形式应解释为包括铅印、版印、影印及其他以可见形式呈现或复制文字的模式；

wordsorexpressionscontainedintheseRegulationsshallbeinterpretedinaccordancewiththeprovisionsoftheInterpretationAct,andoftheActasinforceatthedateatwhichtheseRegulationsbecomebindingonthecompany．本章程所含的单词和词组应按《法律解释法》以及本章程对公司产生约束力之日有效的《公司法》的规定予以解释。Sharecapitalandvariationofrights

股本和权利类别

2．WithoutprejudicetoanyspecialrightspreviouslyconferredontheholdersofanyexistingsharesorclassofsharesbutSubjecttotheAct,sharesinthecompanyrnaybeissuedbythedirectorsandanysuchsharesmaybeissuedwithsuchpreferred,deferred,orotherspecialrightsorsuchrestrictions,whetherinregardtodividend,voting,returnofcapital,orotherwise,asthedirectors,subjecttoanyordinaryresolutionofthecompany,determine．二、根据《公司法》规定，董事会可发行公司股票，所发行的股票可附有董事会按公司通常决议所决定的有关红利、投票、资本利润率，或其他事项的优先、延期，或其他特殊权利或限制，但不得影响已经授予任何现存股票股东的任何特权。

3．SubjecttotheAct,anypreferencesharesmay,withthesanctionofanordinaryresolution,beissuedonthetermsthattheyare,orattheoptionofthecompanyareliable,toberedeemed．三、根据《公司法》，经一般决议通过，任何优先股均可发行为可赎股份，或按公司意愿，发行成必须赎回的股份。

4．If

atanytimethesharecapitalisdividedintodifferentclassesofshares,therightsattachedtoanyclass(unlessotherwiseprovidedbythetermsofissueofthesharesofthatclass)may,whetherornotthecompanyisbeingwoundup,bevariedwiththeconsentinwritingoftheholdersof75%oftheissuedsharesofthatclass,orwiththesanctionofaspecialresolutionpassedataseparategeneralmeetingoftheholdersofthesharesoftheclass.ToeverysuchseparategeneralmeetingtheprovisionsoftheseRegulationsrelatingtogeneralmeetings

shallmutatismutandisapply,butsothatthenecessaryquorumshallbetwopersonsatleastholdingorrepresentingbyproxyone/thirdoftheissuedsharesoftheclassandthatanyholderofsharesoftheclasspresentinpersonorbyproxymaydemandapoll．四、当股份资本分为不同种类的股票时，每种股票所附带的权利〔除非该种股票的发行条件另有规定〕，经该种发行股票75％的股民书面认可，或经该种股票股民召开股东特别大会通过决议专门许可，那么可以变更。本章程有关股东大会的规定在细节上作必要修改后可适用于此种股东特别大会，但会议法定人数至少必须为两人，持有或代表该发行股票三分之一的股份，且任何参加大会的股东或股东代表均可要求进行投票。

5．Therightsconferredupontheholdersofthesharesofanyclassissuedwithpreferredorotherrightsshall,unlessotherwiseexpresslyprovidedbythetermsofissueofthesharesofthatclass,bedeemedtobevariedbythecreationorissueoffurthersharesrankingequallytherewith．五、股民所拥有的优先股的权利或其他权利，除非股票发行条款另有明文规定，均应视为可因设立或发行同等股票而作变更。

6．ThecompanymayexercisethepowersofpayingcommissionsconferredbytheAct,providedthattheratepercentortheamountofthecommissionpaidoragreedtobepaidshallbedisclosedinthemannerrequiredbytheActandthecommissionshallnotexceedtherateof10%ofthepriceatwhich

thesharesinrespectwhereofthesameispaidareissuedoranamountequalto10%ofthatprice(asthecasemaybe).Suchcommissionmaybesatisfiedbythepaymentofcashortheallotmentoffullyorpartlypaidsharesorpartlyinonewayandpartlyintheother.Thecompanymayalsoonanyissueofsharespaysuchbrokerageasmaybelawful．六、公司有权按《公司法》规定支付佣金，但应将支付或同意支付的佣金比率或数额按《公司法》规定的方式予以披露，且佣金比率不得超过有关股份发行价格的10%，或佣金数额不得超过等同于该发行价格10％的数额〔依情况而定〕。此种佣金可用现金支付，或用缴清股款或缴清局部股款的股票支付，或局部用现金局部用股票支付。在每次发行股票时，公司也可依法如此支付经纪费。

7．Exceptasrequiredbylaw,nopersonshallberecognizedbythecompanyasholdinganyshare

uponanytrust,andthecompanyshallnotbeboundbyorbecompelledinanywaytorecognize(evenwhenhavingnoticethereof)anyequitable,contingent,futureorpartialinterestinanyshareorunitofashareor(exceptonlyasbytheseRegulationsorbylawotherwiseprovided)anyotherrightsinrespectofanyshareexceptanabsoluterighttotheentiretythereofintheregisteredholder.

七、除非法律另有规定，公司不成认任何人按信托持有任何股份，公司无义务或责任成认〔即使作出有关通知〕任何股票或股票单位所附的衡平法上的权益，或有权益、未来权益或局部权益〔除非本章程或法律另有规定〕或与任何股票有关的任何其他权益，注册股东享有的总体绝对权利除外。8.Everypersonwhosenameisenteredasamemberintheregisterofmembersshallbeentitledwithoutpaymenttoreceiveacertificateunderthesealofthecompanyinaccordancewiththe

Actbutinrespectofashareorsharesheldjointlybyseveralpersonsthecompanyshallnotbeboundtoissuemorethanonecertificate,anddeliveryofacertificateforasharetooneofseveraljointholdersshallbesufficientdeliverytoallsuchholders.八、根据《公司法》规定，凡注册登记的股民均有权免费得到盖有公司印记的股权证，就数人持一股或数股情况而言，公司无义务向所有联合股东发放卡证，每股只需向其中一个股东发放一张卡证即可。Lien留置权

9.Thecompanyshallhaveafirstandparamountlienoneveryshare(notbeingafullypaidshare)forallmoney(whetherpresentlypayableornot)calledorPayableatafixedtimeinrespectofthatshare,andthecompanyshallalsohaveafirstandparamountlienonallshares(otherthanfullypaidshares)registeredinthenameofasinglepersonforallmoneypresentlypayablebyhimorhisestatetothecompany;butthedirectorsmayatanytimedeclareanysharetobewhollyorinpartexemptfromtheprovisionsofthisregulation.Thecompany`slien,ifany,onashareshallextendtoalldividendspayablethereon.

九、对所有已经催缴的或在规定时间应缴的股款〔不管目前是否应缴〕的股份〔未缴清股款的股份〕，公司都享有优先留置权，对所有以个人名义登记的，目前应由他或用他的财产向公司支付股款的所有股份〔缴清股款的股份除外〕，公司也享有优先留置权；但董事会可随时宣布任何股份全部或局部不受本章程规定约束。公司对股份享有的留置权，如果有，应当扩大适用到与股份有关的所有红利上。10.Thecompanymaysell,insuchmannerasthedirectorsthinkfit,anysharesonwhichthecompanyhasalien,butnosaleshallbemadeunlessasuminrespectofwhichthelienexistsispresentlypayable,noruntiltheexpirationof14daysafteranoticeinwriting，statinganddemandingpaymentofsuchpartoftheamountinrespectofwhichthelienexistsasispresentlypayable,hasbeengiventotheregisteredholderforthetimebeingoftheshare,orthepersonentitledthere-tobyreasonofhisdeathorbankruptcy.

十、公司可按董事会认为适当的方式出售公司享有留置权的股份，但只有当与留置权有关的一笔款项到期应付后，或在将要求支付与留置权有关的应付局部款项的书面通知送交注册股东，或因股东死亡或破产而送交有权接收股份的人14天前方可进行出售。11.Togiveeffecttoanysuchsalethedirectorsmayauthorizesomepersontotransferthesharessoldtothepurchaserthereof.Thepurchasershallberegisteredastheholderofthesharescomprisedinanysuch,transfer,andheshallnotbeboundtoseetotheapplicationofthepurchasemoney,norshallhistitletothesharesbeaffectedbyanyirregularityorinvalidityintheproceedingsinreferencetothesale.十一、为执行此种销售，董事会可授权某人将所售股份转让给买方。买方应登记作为所转让股份的股东，他无义务负责购置资金的使用，他对股份的所有权也不得因销售程序的不正规或无效而受影响。

12.Theproceedsofthesaleshallbereceivedbythecompanyandappliedinpaymentofsuchpartoftheamountinrespectofwhichthelienexistsasispresentlypayable,andtheresidue,ifany,shall(subjecttoalikelienforsumsnotpresentlyPayableasexisteduponthesharesbeforetheSale)bepaidtothepersonentitledtotheSharesatthedateofthesale.

十二、销售所得应由公司接收，用于支付所属留置局部现已到期应付的款项，如有剩余，应当〔扣除在出售前同样属于留置款项，但目前尚还未到期的款额〕交付给在销售之日股份的持有人。

13.ThedirectorsmayfromtimemakecallsuponthemembersinrespectofanymoneyunpaidontheirShares(whetheronaccountofthenominalvalueoftheSharesorbywayofpremium)andnotbytheconditionsofallotmentthereofmadepayableatfixedtimes,providedthat

nocallshallexceed25%ofthenominalvalueoftheshareorbepayableatlessthanonemonthfromthedatefixedforthepaymentofthelastprecedingcall,andeachmembershall(subjecttoreceivingatleast14days'noticespecifyingthetimeortimesandplaceofpayment〕paytothecompanyatthetimeortimesandplacesospecifiedtheamountcalledonhisshares.Acallmayberevokedorpostponedasthedirectorsmaydetermine.十三、董事会可随时向股东催缴股款〔不管是就票面价值或是溢价〕，而不必按股票分配条款规定的期限，只要催缴的款额未超过股票票面价值的25%，或缴款日期超过上次催缴所定支付日期一个月，所有股东必须〔但至少得在14天前收到通知，说明缴款的时间或地点〕在规定的时间和地点向公司缴纳所催缴的款额，董事会可以撤销或延长缴款通知。

14.Acallshallbedeemedtohavebeenmadeatthetimewhentheresolutionofthedirectorsauthorizingthecallwaspassedandmayberequiredtobepaidbyinstallments.十四、催缴股款通知应被视为是在董事会通过催缴通知决议时已经发出，且可规定分期支付。15.Thejointholdersofashareshallbejointlyandseverallyliabletopayallcallsinrespectthereof.十五、一股份的联合股东可共同或分别支付所催缴的股款。16.Ifasumcalledinrespectofashareisnotpaidbeforeoronthedayappointedforpaymentthereof,thepersonfromwhomthesum15dueshallpayinterestonthesumfromthedayappointedforpaymentthereoftothetimeofactualpaymentatsuchratenotexceeding8%perannumasthedirectorsmaydetermine,butthedirectorsshallbeatlibertytowaivepaymentofthatinterestwhollyorinpart.十六、如果在规定之日没有缴清所催缴的某笔股款，应缴股款的人应缴纳从规定缴款之日起到事实上缴清款项之时为止的利息，年利率不得超过本金的8%，数目由董事会决定，但董事会也有权全部或局部免去此种利息。

17．Anysumwhichbythetermsofissueofasharebecomespayableonallotmentoratanyfixeddate,whetheronaccountofthenominalvalueoftheshareorbywayofpremium,shallforthepurposesoftheseRegulationsbedeemedtobeacalldulymadeandpayableonthedateonwhichbythetermsofissuethesamebecomespayable,andincaseofnon-paymentalltherelevantprovisionsoftheseRegulationsastopaymentofinterestandexpenses,forfeiture,orotherwiseshallapplyasifthesumhadbecomepayablebyvirtueofacalldulymadeandnotified.

十七、凡按股票发行条款规定在分配时或在某一规定日期应缴纳的股款，不管是票面价值或溢价，根据本章程规定，均应视为是发有正式催缴通知，且应在股票发行条款规定的日期予以缴款，倘假设不缴，应视正式催缴股款后款项到期支付的情况而适用本章程所有有关利息和各种费用的支付、没收或其他事项的有关规定。

18.Thedirectorsmay,ontheissueofshares,differentiatebetweentheholdersastotheamountofcallstobepaidandthetimesofpayment.十八、一旦股票发行，董事会便可按所催缴股款的数额和支付时间区分股东。

19.Thedirectorsmay,iftheythinkfit,receivefromanymemberwillingtoadvancethesamealloranypartofthemoneyuncalledandunpaiduponanysharesheldbyhim,anduponalloranypartofthemoney50advancedmay(untilthesamewould,butfortheadvance,becomepayable)payinterestatsuchratenotexceeding〔unlessthecompanyingeneralmeetingshallotherwisedirect)8%perannumasmaybeagreeduponbetweenthedirectorsandthememberpayingthesuminadvance

十九、只要认为恰当，董事会可接收股东自愿提前缴纳的未经催缴的全部或局部股款，且就提前缴纳的全部或局部股款支付利息〔直到如不提前交付，该股款到期应付为止〕，年利率不得超过〔公司股东大会另有决议除外〕8%，具体可由董事会和股东在提前缴款时协商。

TransferofShares

股份转让

20.SubjecttotheseRegulations,anymembermaytransferalloranyofhissharesbyinstrumentinwritinginanyusualorcommonformorinanyotherformwhichthedirectorsmayapprove.Theinstrumentshallbeexecutedbyoronbehalfofthetransferorandthetransferorshallremaintheholderofthesharestransferreduntilthetransferisregisteredandthenameofthetransfereeisenteredintheregisterofmember'inrespectthereof.二十、根据本章程规定，任何股东均可转让其全部或局部股份，转让应经通常或一般形式或董事会同意的其他形式的书面文件进行。文件可由转让人或其代理人做成，转让人对股份的持有权一直维持到转让登记注册且受让人的姓名被记人股东登记簿为止。

21.Theinstrumentoftransfermustbeleftforregistrationattheregisteredofficeofthecompanytogetherwithsuchfee,notexceeding$1asthedirectorsfromtimetotimemayrequire,accompaniedbythecertificateofthesharestowhichitrelatesandsuchotherevidenceasthedirectorsmayreasonablyrequiretoshowtherightofthetransferortomakethetransfer,andthereuponthecompanyshallsubjecttothepowersvestedinthedirectorsbytheseRegulationsregisterthetransfereeasashareholderandretaintheinstrumentoftransfer

二十一、转让文书必须交公司登记处登记，同时缴纳登记费，登记费不得超过1美元，董事会可随时规定，转让时还得带上有关的股权证和董事会随时可能合理规定说明转让人有权转让股权的其他证据，根据这些证据，公司将按董事会根据本章程赋予的权力登记受让人作为股东，并将转让文件保存。

22.Thedirectorsmaydeclinetoregisteranytransferofshares,notbeingfullypaidsharestoapersonofwhomtheydonotapproveandmayalsodeclinetoregisteranytransferofsharesonwhichthecompanyhasalien.

二十二、董事会可拒绝登记将股份、未完全缴清股款的股份转让给其不赞成的人，并可拒绝就公司具有留置权的股份转让进行登记。

23.Theregistrationoftransfersmaybesuspendedatsuchtimesandforsuchperiodsasthedirectorsmayfromtimetotimedeterminenotexceedinginthewhole30daysinanyyear.二十三、董事会可随时决定从某时起暂时中止一段时间登记转让，但每年中止转让登记的日期总和不得超过30天。

TransmissionofShares

股份过户

24.Incaseofthedeathofamemberthesurvivororsurvivorswherethedeceasedwasajointholder,andthelegalpersonalrepresentativesofthedeceasedwherehewasasoleholder,shallbetheonlypersonsrecognizedbythecompanyashavinganytitletohisinterestintheshares;butnothinghereincontainedshallreleasetheestateofadeceasedjointholderfromanyliabilityinrespectofanysharewhichhadbeenjointlyheldbyhimwithotherpersons.

二十四、当一股东死亡，如果死亡股东是个联合持股人，公司应成认其他联合股东有权享有股份权益，如果死亡股东为单独持股人，那么其法定个人代表有权享有股份权益；但不得适用本章程之规定去免除一死亡联合股东的与他和其他人所持股份相关的财产的任何义务。

25.Anypersonbecomingentitledtoashareinconsequenceofthedeathorbankruptcyofamembermay,uponsuchevidencebeingproducedasmayfromtimetotimeproperlyberequiredbythedirectorsandsubjectashereinafterprovided,electeithertoberegisteredhimselfasholderoftheshareortohavesomepersonnominatedbyhimregisteredasthetransfereethereof,butthedirectorsshall,ineithercase,havethesamerighttodeclineorsuspendregistrationastheywouldhavehadinthecaseofatransferofthesharebythatmemberbeforehisdeathorbankruptcy.

二十五、凡因股东死亡或破产而取得股份所有权的人，一旦出示董事会随时正当要求出示的证据，可按以下规定，或自己登记作为股东，或提名让某人登记作为受让人，但这两种情况，董事会均有权按该股东死亡或破产前转让其股份时的情况一样，拒绝或中止登记。

26.Ifthepersonbecomingentitledelectstoberegisteredhimself,heshalldeliverorsendtothecompanyanoticeinwritingsignedbyhimstatingthathe50elects.Ifheelectstohaveanotherpersonregisteredheshalltestifyhiselectionbyexecutingtothatpersonatransferofthe

share．Allthelimitations,restrictions,andprovisionsoftheseRegulationsrelatingtotherighttotransferandtheregistrationoftransfersofsharesshallbeapplicabletoanysuchnoticeortransferasaforesaidasifthedeathorbankruptcyofthememberhadnotoccurredandthenoticeortransferwereatransfersignedbythatmember.

二十六、如取得所有权的人要自己登记作为股东，他必须向公司送达亲自签署的书面通知，说明他的选择。如果他选择让他人登记，他必须给他人制作一份股份转让书以证明他的选择。本章程上述所有有关转让权利和转让登记的限制、限定和规定均应适用于此种通知书或转让书，就像原股东未死亡或未破产而由该股东自己签署通知书或转让书一样。

Forfeitureofshares

股份的没收

27.Ifamemberfailstopayanycallorinstallmentofacallonthedayappointedforpaymentthereof,thedirectorsmay,atanytimethereafterduringsuchtimeasanypartofthecallorinstallmentremainsunpaidserveanoticeonhimrequiringpaymentof50muchofthecallorinstallmentas15unpaid,togetherwithanyinterestwhichmayhaveaccrued.

二十七、如果股东在规定缴款的日期没有缴付催缴的股款或分期缴付的股款，此后，董事会可在未缴清催缴股款期内的任何时间向股东送达通知，要求他缴付未交足的催款或分期股款，以及可能已经产生的利息。

28.Thenoticeshallnameafurtherday〔notearlierthantheexpirationof14daysfromthedateofserviceofthenotice)onorbeforewhichthepaymentrequiredbythenoticeistobemade,andshallstatethatintheeventofnon一paymentatorbeforethetimeappointedthesharesinrespectofwhichthecallwasmadewillbeliabletobeforfeited.

二十八、通知上应另定一个日期〔从送达通知之日算起，至少得14天之后〕，规定应在该日或之前缴纳股款，并规定如果在规定之日或之前不予缴纳，所催缴股款的股份应被没收。

29.Iftherequirementsofanysuchnoticeasaforesaidarenotcompliedwith,anyshareinrespectofwhichthenoticehasbeengivenmayatanytimethereafter,beforethepaymentrequiredbythenoticehasbeenmade,beforfeitedbyaresolutionofthedirectorstothateffect.Suchforfeitureshallincludealldividendsdeclaredinrespectoftheforfeitedsharesandnotactuallypaidbeforetheforfeiture.

二十九、如果不遵守上述通知书上的规定，在此之后，在通知的股款未缴清之前，可随时根据董事会所作出的有关决议没收所通知的任何股份。此种没收应包括有关被没收股的全部已经宣布，但在没收前尚未真正支付的红利。

30.Aforfeitedsharemaybesoldorotherwisedisposedofonsuchtermsandinsuchmannerasthedirectorsthinkfit,andatanytimebeforeasaleordispositiontheforfeituremaybecancelledonsuchtermasthedirectorsthinkfit.

三十、被没收的股份可以出售或按董事会认为恰当的条件和方式予以处置，如董事会认为恰当，可在出售或处置之前随时取消没收。

31.Apersonwhoseshareshavebeenforfeitedshallceasetobeamemberinrespectoftheforfeitedshares,butshall,notwithstanding，remainliabletopaytothecompanyallmoneywhich,atthedateofforfeiture,waspayablebyhimtothecompanyinrespectoftheshares(togetherwithinterestattherateof8%perannumfromthedateofforfeitureonthemoneyforthetimebeingunpaidifthedirectorsthinkfittoenforcepaymentofsuchinterest),buthisliabilityshallceaseifandwhenthecompanyreceivespaymentinfullofallsuchmoneyinrespectoftheshares.

三十一、凡股份被没收的人将不再是被没收股份的股东，但他仍然应负责支付至没收之日应由他向公司支付的有关股份的所有款额〔连同年利率为8％的就该笔未偿付款额利息，从没收之日算起，如果董事会认为应当支付此种利息〕，但如果他缴足所有有关股份的此种款项，其责任应从缴清之时予以终止。

32.Astatutorydeclarationinwritingthatthedeclarantisadirectororthesecretaryofthecompanyandthatashareinthecompanyhasbeendulyforfeitedonadatestatedinthedeclaration,shallbeconclusiveevidenceofthefactsthereinstatedasagainstallpersonsclaimingtobeentitledtotheshare.

三十二、制作一份书面声明，说明声明人是公司的一名董事或书记，并声明公司的某一股份已经在声明书中所述的日期被合法没收，该书面声明将是证明所有声明事实属实，任何人也不能对股份提出所有权要求确实凿证据

33.Thecompanymayreceivetheconsideration,ifany,givenforaforfeitedshareonanysaleordispositionthereofandmayexecuteatransferoftheshareinfavorofthepersontowhomtheshares15soldordisposedofandheshallthereuponberegisteredastheholderoftheshare,andshallnotbeboundtoseetotheapplicationpurchasemoney,ifany，norshallhistitletothesharebeaffectedbyanyirregularityorinvalidityintheproceedingsinreferenceoftheforfeituresale,ordisp0Saloftheshare.

三十三、出售或处置股份如有所得，公司可以接受，且可向股份购置人或接受处置股份的人签发转让书，凭此他可登记作为股东，如果有购置资金，他无义务负责资金的使用，他对股份的所有权不得因没收、出售或处置股份的程序不当或不合法而受影响。

34.TheprovisionoftheseRegulationsastoforfeitureshallapplyinthecaseofnon一paymentofanysumwhich,bythetermsofissueofashare,becomespayableatafixedtime,whetheronaccountofthenominalvalueoftheshareorbywayofpremium,asifthesamehadbeenpayablebyvirtueofacalldulymadeandnotified.

三十四、本章程有关没收的规定应适用于任何按股票发行条件在规定时间应付而没有支付的情况，不管款项是按股票票面价值或是按溢价计算，正如正式催缴股款并通知而应予以支付一样。

ConversionofShares

intostock

股票与证券的转换

35.Thecompanymaybyordinaryresolutionpassedatageneralmeetingconvertanypaid一upsharesintostockandreconvertanystockintopaid一upsharesofanydenomination.

三十五、公司可经股东大会普通决议通过，将缴足股本的股票转变成证券以及将任何证券转变成任何种类的缴足股本的股票。

36.Theholdersofstockmaytransferthesameoranypartthereofinthesamemannerandsubjecttothesameregulationsasandsubjecttowhichthesharesfromwhichthestockarosemightpreviouslytoconversionhavebeentransferredorasneartheretoascircumstancesadmit;butthedirectorsmayfromtimetotimefixtheminimumamountofstocktransferableandrestrictorforbidthetransferoffractionsofthatminimum,buttheminimumshallnotexceedthenominalamountofthesharesfromwhichthestockarose.

三十六、根据转变成证券前股票的转让规那么以及方式，或按情况按近似规那么或方式，证券持有人可将全部或局部证券予以转让；但董事会可随时决定转让证券的最低数额，并限制或禁止把此数额分零转让，但最低数额不得超过转换成证券的股票的面额。

37.Theholdersofstockshallaccordingtotheamountofthestockheldbythemhavethesamerights,privilegesandadvantagesasregardsdividends,votingatmeeting5ofthecompanyandothermattersasiftheyheldthesharesfromwhichthestockarose,butnosuchprivilegeoradvantage(exceptparticipationinthedividendsandprofitsofthecompanyandintheassetsonwindingup)shallbeconferredbyanysuchaliquotpartofstockwhichwouldnotifexistinginshareshaveconferredthatprivilegeoradvantage.

三十七、证券持有人应按所持证券的数额，享有如同持有转换证券的股票的股东享有的有关红利分配、在公司会议上投票以及就其他事项的权利和特权，但局部证券持有权不赋有此种特权或权益〔除参与公司红利和利益的分配以及参与公司解散时的资产分配外〕，因为即使是局部股票持有权也不赋有此种特权或权益。

38.Suchoftheregulationsofthecompanyasareapplicabletopaid一upsharesshallapplytostock,andthewords'share,,and'shareholder,,thereinshallinclude'stock,,and'stockholder

三十八、凡适用于缴足股本股票的公司规那么也应适用于证券，规那么中的“股票〞和“股东〞两词应包括“证券〞和“证券持有人〞。

Alterationofcapital

资本的变更

39.Thecompanymyfromtimetotimebyordinaryresolution:

三十九、经普通决议公司可随时：

(a)increasethesharecapitalbysuchsumtobedividedintosharesofsuchamountastheresolutionshallprescribe;

(1)将股本增加到等同于决议所规定的股额和股数的数额；

(b)consolidateanddividealloranyofitssharecapitalintosharesoflargeramountthanitsexistingshares;

(2)将全部或局部股金合并或划分成数额大于现有股份的股份；

(c)subdivideitssharesoranyofthemintoSharesofsmalleramountthan15fixedbythememorandum;50howeverthatinthesubdivisiontheproportionbetweentheamountpaidandtheamount(ifany)unpaidoneachreducedShareShallbethesameasitwasinthecaseofthesharefromwhichthereducedshare15derived;

(3)将全部或局部股份划分成数额小于通知所规定的股份；不管任何划分，被划小的股份已经缴纳〔如果有〕和未缴纳股款的比例应与股份未划分前的比例相同；

(d)cancelshareswhichatthedateofthepassingoftheresolutioninthatbehalfhavenotbeentakenoragreedtobetakenbyanypersonwhichhavebeenforfeitedanddiminishtheamountofitssharecapitalbytheamountofthesharessocancelled.

(4)取消在决议通过之日尚未被人认领或同意认领的股份，或已经被没收的股份，并通过取消股份而减少公司的股本数额。

40.Subjecttoanydirectiontothecontrarythatmaybegivenbythecompanyingeneralmeeting，allnewsharesshall,beforeissue,beofferedtosuchpersonsasatthedateoftheofferareentitledtoreceivenoticesfromthecompanyofgeneralmeetingsinproportion,asnearlyasthecircumstancesadmit,totheamountoftheexistingsharestowhichtheyareentitled,Theoffershallbemadebynoticespecifyingthenumberofsharesoffered,andlimitingatimewithinwhichtheoffer,ifnotaccepted,willbedeemedtobedeclined,and,aftertheexpirationofthattime,oronthereceiptofanintimationfromthepersontowhomtheofferismadethathadeclinestoacceptthesharesoffered,thedirectorsmaydisposeofthosesharesinsuchmannerastheythinkmostbeneficialtothecompany.Thedirectorsmaylikewisesodisposeofanynewshareswhich(bereasonoftheratiowhichthenewsharesbeartosharesheldbypersonsentitledtoanofferofnewshares)cannot,intheopinionofthedirectors,beconvenientlyofferedunderthisregulation.

四十、根据股东大会可能会作出的任何相反的决定，所有新股在发行之前，均得向在招股之日，有权得到公司股东大会通知的人进行招股，招股按他们现有股份的比例进行。招股应发放通知，具体说明出售股份的数额及招股的期限，倘假设不接受邀请，那么视为拒绝，期限一过，或从被招股人处收到通知，说他拒绝接受所要约的股份，董事会可按其认为最有利于公司的方式处置这些股份。董事会同样可以处置董事会认为按本章程不便作招股邀请的〔按新股与有权得到出售新股邀请的人所持股的比例计算〕任何新股。

41.Thecompanymaybyspecialresolutionreduceitssharecapital,anycapitalredemptionreservefundoranysharepremiumaccountinanymannerandwith,andsubjectto,anyincidentauthorized,andconsentrequiredbylaw.

四十一、经特别决议，公司可用任何方式和因为或根据法律所核准、同意和规定的任何附带条件而裁减股本，归还资本准备基金或股份溢价账户。Generalmeeting

股东大会

42.AnannualgeneralmeetingofthecompanyshallbeheldinaccordancewiththeprovisionsoftheAct,Allgeneralmeetingsotherthantheannualgeneralshallbecalledextraordinarygeneralmeetings

四十二、根据《公司法》规定每年应召开一次公司股东年会。年会以外的所有股东大会均应称为临时股东大会。

43.Anydirectormay,wheneverhethinksfit,conveneanextraordinarygeneralmeeting，andextraordinarygeneralmeetingsshallbeconvenedonsuchrequisitionorindefaultmaybeconvenedbysuchrequisitionistsasprovidedbytheAct.

四十三、只要认为恰当，任何董事均可提请召开临时股东大会，临时股东大会应经董事提请召开，或如无董事提请，可由《公司法》所规定的提请人提请召开。

44.SubjecttotheprovisionsoftheActrelatingtospecialresolutionsandagreementsforshorternotice,14days,noticeattheleast(exclusiveofthedayonwhichthenoticeisservedordeemedtobeserved,butinclusiveofthedayforwhichnoticeisgiven)specifyingtheplace,thedayandthehourofmeetingandincaseofspecialbusinessthegenera1natureofthatbusinesssha1lbegiventosuchpersonsasareentitledtoreceivesuchnoticesfromthecompany.

四十四、根据《公司法》有关特别决议以及简短通知的决议，至少应在14天前〔通知送出或认为送出之日除外，但包括通知送达之日〕向有权从公司得到此种通知的人士发放通知，说明开会地点、日期和时间，如果是有关特别议题，还应说明议题的大概性质。

45．Allbusinessshallbespecialthatistransactedatanextraordinarygeneralmeeting，andalsoallthatistransactedatanannualgeneralmeeting，withtheexceptionofdeclaringadividend,theconsiderationoftheaccounts,balancesheets,andthereportofthedirectorsandauditors,theelectionofdirectorsintheplaceofthoseretiring，andtheappointmentandfixingoftheremunerationoftheauditors.

四十五、临时股东大会讨论的议题必须都是特别议题，股东年会讨论的议题，除公布股息、审核账目、资产负债表和董事会报告及审计报告、选举董事以填补退休空缺、任命审计员和确定其酬金等之外，也都如此。Proceedingsatgeneralmeetings

股东大会程序

46.Nobusinessshallbetransactedatanygeneralmeetingunlessaquorumofmembersispresentatthetimewhenthemeetingproceedstobusiness.Exceptashereinotherwiseprovided,twomemberspresentinpersonshallformaquorum,Forthepurposesofthisregulation'member'includesapersonattendingasaproxyorasrepresentingacorporationwhichisamember.

四十六、在大会讨论议题时，如出席大会的股东未到达法定人数，股东大会不能处理任何议题。除非本章程另有规定，否那么两名股东亲自到场即构成法定人数。按本章程的意思，“股东〞包括代理出席人或法人股东代表。

47.Ifwithinhalfanhourfromthetimeappointedforthemeetingaquorumisnotpresent,themeeting，ifconvenedupontherequisitionofmembers,shallbedissolved;inanyothercaseitshallstandadjournedtothesamedayinthenextweekatthesametimeandplace,ortosuchotherdayandatsuchothertimeandplaceasthedirectorsanydetermine.

四十七、如在开会时间过后半小时内出席会议的人仍达不到法定人数，且本次会议是经股东提请召开的，那么此次会议应当解散；在其他情况，会议应延期到下周同一天同一时间同一地点召开，或延期至董事会决定的日期、时间和地点召开。

48.Thechairman,ifany,oftheboardofdirectorsshallpresideaschairmanateverygeneralmeetingofthecompany,orifthereisnosuchchairman,orifheisnotpresentwithinisminutesafterthetimeappointedfortheholdingofthemeetingorisunwillingtoact,thememberspresentshallelectoneoftheirnumbertobechairmanofthemeeting.

四十八、董事会如有董事长，应由他作为主席主持每次的公司股东大会，如果没有董事长，或如果开会时间过后巧分钟内他没有出席会议或他不愿主持会议，出席会议的股东应推选他们当中的一员作为会议主席。

49.Thechairmanmay,withtheconsentofanymeetingatwhichaq