××鋼鐵有限公司章程

Articles of Association for ×× Iron and Steel Co. Ltd.

第一章  總則

Chapter I  General Provision

第一條 根據《中華人民共和國中外合資企業法》和中國××冶金物資經貿有限公司（以下簡稱甲方）與××集團(香港)有限公司（以下簡稱乙方）于2010年3月23日在中國××省××市簽訂的建立合資經營××鋼鐵有限公司的合同，制訂本公司章程。

Article 1  The Articles of Association is hereby formulated in accordance with the Sino-Foreign Joint Venture Enterprise Law of the People's Republic of China, and the Contract for establishment of a joint venture limited liability company named ×× Iron and Steel Co., Ltd., which is signed by and between ×× Metallurgy Material Co., Ltd. (hereinafter referred to as “Party A”) and ×× Group International Holdings (HK) Limited (hereinafter referred to as “Party B”) on March 23^rd, 2010 in ×× City, ×× Province, China.

　　第二條 合營公司中文名稱為：××鋼鐵有限公司，英文名稱為 ×× Iron and Steel Co. Ltd.，縮寫為：××。合營公司的法定地址為××。

Article 2  The Chinese name of the joint venture company (hereinafter referred to as “Company”) is ××鋼鐵有限公司. Its English name is ×× Iron and Steel Co., Ltd., and its abbreviation is ××. The Legal address of the Company is ××.

第三條 甲乙雙方的名稱、法定地址為：

甲方：××冶金物資經貿有限公司，××市××鎮

乙方：××集團(香港)有限公司，香港××

Article 3  The name and legal address of each party are as follows.

Party A: ×× Metallurgy Material Co., Ltd., ×× Town, ×× City

Party B: ×× Group International Holdings (HK) Limited, ×× Hong Kong

第四條 合營公司的組織形式為有限責任公司。甲乙方僅以現行或日后修改的本章程規定的各自認繳的出資額對合營公司承擔責任。在上述前提下，各方按其認繳的出資額在注冊資本中的比例分享利潤和分擔風險及虧損。

Article 4  The organization form of the Company is a limited liability company. The liabilities of each party to the Company just limit to its contributed capital, which are stipulated in the Articles of Association or in the revised afterwards. The profits, risks and losses of the Company shall be shared by the parties in proportion to their contributions of the registered capital.

第五條 合營公司為中國法人，受中國法律管轄和保護，其一切活動必須遵守中國的法律、法規、規章和有關規定。

Article 5  The Company has the status of a Chinese legal entity / juristic person, and is subject to the jurisdiction and protection of Chinese laws concerned. All activities of the Company shall be governed by the laws, regulations, ministerial rules and pertinent decrees of the People's Republic of China.

第二章  宗旨、經營范圍

Chapter II  Object/Purpose, Scope and Scale of the Business

第六條  甲乙方合資經營的目的是：加強雙方經濟技術合作，滿足市場對鋼鐵鑄件的需求，使合作雙方獲得更大的經濟利益。

Article 6  The purpose of the Company is to be in conformity with the wishes of satisfying the people's needs for iron & casting production, enhancing economic cooperation and technical exchanges, and to obtain satisfactory economic benefits for the parties to the Company.

第七條  合營公司經營范圍為：生產銷售鋼鐵及鑄件。

Article 7  Business scope of the Company is to manufacture and sell steel & iron and casting production.

第八條  合營公司生產規模為：

年生產鋼180萬噸、生鐵120萬噸、鑄件20000噸。

Article 8  The production scale of the Company is as follows:

Annual output is 1.8 million tons of steel, 1.2 million tons pig iron and 20,000 tons of casting.

第九條  合營公司向國內外市場自行銷售其產品并開展售后服務。合營公司將出口銷售和取得外匯收入放在優先地位，以保證合營公司的成功和發展。

　　Article 9  The products of the Company will be sold in China’s internal market and in the international market, and after-sale services will be provided by themselves. In order to pursuing the success and development of the Company, the Company shall give the top priority on export of the products and earning foreign currency.

第三章  投資總額和注冊資本

Chapter III  Total Amount of Investment and the Registered Capital

第十條  合營公司的投資總額為600萬美元。其中：廠房設備和其他設施××美元。

Article 10  The total amount of investment of the Company is 6 million US dollars, including ××US dollars of plant-and-equipment & other facilities investment.

第十一條  合營公司的注冊資本為350萬美元。甲乙方出資如下：

甲方認繳出資額為227.5萬美元，占注冊資本的65％；乙方認繳出資額為122.5萬美元，占注冊資本的35％。

Article 11  The registration capital for the Company is 3.5 million US dollars. The investment contributed by each party is as follows:

The investment subscribed by Party A is 2.275 million US dollars, accounts for 65% of the registration capital. The investment subscribed by Party B is 1.225 million US dollars, accounts for 35% of the registration capital.

第十二條  甲乙方應按合同規定的期限繳清各自的出資額。

Article 12  The amount of the investment shall be paid by each Party according to the time limit stipulated in the contract.

第十三條  甲乙方繳付出資額后，經合營公司聘請在中國注冊的會計師驗資，出具驗資報告后，由合營公司據此發給甲乙各方出資證明書，確認各自的出資日期及金額。

Article 13  After the payment of investment by the parties to the joint venture， Chinese registered accountants invited by the Company shall verify it and provide a verification certificate for contributed investment. Thereafter the Company shall issue an investment certificate to confirm the date and amount of the contribution.

第十四條  合營期內，合營公司不得減少注冊資本數額。任何一方都不得將其在合營公司中認繳出資的任何部分抵押給任何第三方。

ArticIe14  Within the term of the joint venture, the Company shall not reduce its registered capital. Neither party is allowed to mortgage any part of the investment to the third party.

第十五條  合營公司注冊資本的增加、轉讓，應由董事會一致通過后，并報原審批機關批準，向原登記機關辦理變更登記手續。任何一方轉讓其出資額，不論全部或部分，都必須經另一方同意。一方轉讓時，另一方有優先購買權。

Article 15  Any increase, assignment of the registration capital of the Company shall be approved by the board of directors and submitted to the original examination and approval authority for approval. The registration procedures for changes shall be dealt with at the original registration and administration office. Should one party assign all or part of its investment subscribed, consent shall be obtained from the other party of the joint venture. When one party assigns its investment, the other party has preemptive right.

第四章 董事會

Chapter IV  Board of Directors

第十六條  合營公司設董事會。董事會是合營公司的最高權力機構，決定合營公司一切重大事宜。董事會行使下列職權：

--決定和批準總經理提出的重要報告（如生產規劃、產品銷售價格、年度營業報告、資金、貸款等）；

--批準年度財務報表、收支預算、年度利潤分配方案；

--通過公司的重要規章制度；

--決定設立分支機構；

--修改公司規章；

--討論決定合營公司停產、終止或與另一經濟組織合作；

--決定聘用總經理、總工程師、總會計師、審計師等高級職員；

--負責合營公司終止和期滿時的清算工作；

--其它應由董事會決定的重大事宜。

Article 16  The Company shall establish the board of directors which is the highest authority of the Company and decides all major issues concerning the Company. Its functions and powers are as follows:

--deciding and approving the important reports submitted by the general manager (for instance: production plan, annual business report, funds, loans, etc.);

--approving annual financial reports, budget of receipts and expenditures, distribution plan of annual profits;

--adopting major rules and regulations of the company;

--deciding to set up branches;

--amending the articles of association of the company;

--discussing and deciding the termination of production, termination of the company or merging with another economic organization;

--deciding the engagement of senior officials such as the general manager, chief engineer, treasurer, auditor etc;

--being in charge of liquidation matters upon termination and expiration of the Company;

--other major issues which shall be decided by the board of directors. 

第十七條  董事會由五名董事組成，其中甲方委派三名，乙方委派二名。董事任期四年，可以連任。

Article 17  The board of directors shall consist of five(5) directors, of which three(3) directors shall be appointed by Party A, and two(2) directors by Party B. The term of office for the directors is four years and may be renewed.

    第十八條  董事會董事長由甲方委派，副董事長一名，由乙方委派。甲乙方在委派或更換董事人選時，應書面通知董事會。

Article 18  The chairperson of the board shall be appointed by Party A, and the vice chairperson, only one, shall be appointed by Party B. When appointing and replacing directors, a written notice shall be submitted to the board.

第十九條  董事會例會每年至少召開一次，經五分之二以上的董事提議，可以召開董事會臨時會議。董事會會議原則上在公司所在地舉行。

Article 19  The board of directors shall convene at least one(1) meeting every year. The board meeting will be held in principle at the registered location of the company. An interim meeting of the board of directors may be held based on a proposal made by more than two-fifths of the total number of directors (inclusive). The board meeting will be held in principle at the registered location of the company.

第二十條  董事會會議由董事長召集并主持。董事長應在董事會開會前三十天書面通知各董事，寫明會議、時間和地點。董事因故不能出席董事會會議，可出具委托書委托他人代表其出席和表決。如屆時未出席也未委托他人出席，則作為棄權。

Article 20  The board meeting shall be convened and presided over by the chairperson of the board. The chairperson shall give each director a written notice at least thirty(30) days prior to the date of the board meeting. The notice shall cover the agenda, time and place of the meeting. Should a director be unable to attend the board meeting, the director may present a proxy in written form to the board. In case the director neither attends nor entrusts others to attend the meeting, the director will be regarded as abstention.

第二十一條  出席董事會會議的法定人數為全體董事的五分之三，不夠五分之三人數的，其通過的決議無效。每次董事會會議須作詳細書面記錄，并有全體出席董事簽字。記錄文字使用中文，該記錄由公司存檔。

Article 21  The board meeting requires a quorum of three-fifths or more of the total number of directors. When the quorum is less than three-fifths, the decisions adopted by the board meeting are invalid. Detailed written records shall be made for each board meeting and signed by all the attended directors or by the attended proxies at the meeting. The record shall be made in Chinese, and shall be filed with the Company.

第二十二條  下列事項須董事會一致通過：

1、合營公司章程的修改；

2、合營公司注冊資本的增加、轉讓；

3、合營與其它經濟組織的合并；

4、合營公司的終止、解散。

Article 22  The following issues shall be unanimously agreed upon by the board of directors:.

1. To amend the Articles of Association of the Company;

2. To increase and transfer the registered capital;

3. To combine other economic organizations;

4. To decide the termination and disbandment of the Company.

第五章 經營管理機構

Chapter V  Business Management Organization

第二十三條  合營公司設經營管理機構，負責合營公司的日常管理工作。合營公司設總經理一人，副總經理二人，正副總經理由董事會聘請，首屆總經理由乙方推薦，副總經理由甲乙方各推薦一人。

Article 23  The Company shall establish management organizations which are responsible for its daily management, and shall have one general manager, two deputy general managers who are nominated by the board of directors. The first general manager is recommended by party B, and the two deputy general managers by each party.

第二十四條  合營公司實行董事會領導下的總經理負責制。總經理直接對董事會負責，執行董事會會議的各項決定，組織領導合營公司的日常生產、技術和經營管理工作。

Article 24  The system of job responsibility of the general manager under the leadership of the board of directors is adopted by the Company. The general manager is directly responsible to the board of directors, carries out the decisions of the board of directors, organizes and conducts the daily works on production, technology and operation and management of the Company.

第二十五條  經董事會聘請，副董事長、董事可兼任總經理、副總經理或總經理助理。

Article 25  At the invitation of the board of directors, the vice-chairperson and directors may concurrently be the general manager, deputy general manager or assistant to general manager of the Company.

第二十六條  總經理和副總經理不得兼任其它經濟組織的總經理或副總經理，不得參與其它經濟組織對本合營公司的商業競爭行為。

Article 26  The general manager or deputy general managers shall not hold posts concurrently as general manager or deputy general managers of other economic organizations in commercial competition with the Company.

第二十七條  總經理、副總經理和其它高級職員請求辭職時，應提前向董事會提出書面報告。以上人員如有營私舞弊或嚴重失職行為的，經董事會決議，可隨時解聘。如觸犯刑律的，要依法追究刑事責任。

Article 27  The general manager, deputy general managers and other high-ranking personnel who ask for resignation shall submit their written reports to the board of directors in advance. In case any one of the above-mentioned persons conduct graft or serious dereliction of duty, they may be dismissed at any time upon the decision of the board. Those who violate the criminal law shall be under criminal sanction.

第六章  財務會計

Chapter VI  Finance and Accounting

　　第二十八條  合營公司的財務會計按照中華人民共和國財政部制定的《中華人民共和國外商投資企業會計制度》的規定辦理。

Article 28  The finance and accounting of the Company shall be handled in accordance with the Stipulation of the Sino-Foreign Joint Venture Enterprise Financial Accounting System which is formulated by the Ministry of Finance of the People's Republic of China.

第二十九條  合營公司會計年度采用日歷年制，從每年一月一日起至十二月三十一日止為一個會計年度。一切記賬憑證、單據、報表、賬薄，用中文書寫。

Article 29  The fiscal year of the Company shall coincide with the calendar year from January 1^st to December 31^st on the Gregorian calendar. All vouchers, account book, statistic statements and reports of the Company shall be written in Chinese.

第三十條  合營公司采用人民幣為記賬的本位貨幣。人民幣同其它貨幣的折算，按實際發生之日中華人民共和國外匯管理局公布的匯價計算。

Article 30  The Company adopts the Chinese Renminbi (“CNY”) as its accounting unit. The conversion of CNY into other currencies shall be in accordance with the exchange rate on the converting day published by the State Administration of Exchange Control of the People's Republic of China.

第三十一條  合營公司在中國銀行或中國銀行同意的其它銀行開立人民幣及外匯賬戶。合營公司采用國際通用的權責發生制和借貸記賬法記賬。

Article 31  The Company shall open CNY and foreign currency accounts in the Bank of China or other banks agreed by the Bank of China. The accounting of the Company adopts the internationally used accrual basis and debit and credit accounting system in their work.

第三十二條  合營公司的財務會計賬冊上應記載如下內容：

　　1、合營公司所有的現金收入、支出數量；

2、合營公司所有的物資出售及購入情況；

3、合營公司注冊資本及負債情況；

4、合營公司注冊資本的繳納時間、增加及轉讓情況。

Article 32  The accounting books of the Company shall include the following items:

1. The amount of overall cash receipts and expense of the Company;

2. All purchasing and selling of the Company;

3. The registered capital and debts situation of the Company;

4. The time of payment, increase and assignment of the registered capital of the Company.

第三十三條  合營公司財務部門應在每一個會計年度的頭三個月編制上一個會計年度的資產負債表和損益表，經審計師審核簽字后，提交董事會會議通過。

Article 33  The Company shall prepare balance sheets and income statement of the past year in the first three months of each fiscal year, and submit to the board meeting for approval after examined and signed by the auditor.

第三十四條  合營各方有權自費聘請審計師查閱合營公司賬簿。查閱時，合營公司應提供方便。

　Article 34  Parties of the Company have the right to invite an auditor to undertake annual financial check and examination at his own expense. The Company shall provide convenience for the checking and examination.

第三十五條  合營公司按照《中華人民共和國外商投資企業和外國企業所得稅法施行細則》的規定，由董事會決定合營公司固定資產的折舊年限。

Article 35   The depreciation period for the fixed assets of the Company shall be decided by the board of directors in accordance with the "Rules for the Implementation of the Foreign-invested enterprises & foreign enterprises Income Tax Law of the People's Republic of China ".