Get the free Articles of Association of Guangzhou Automobile Group Co., Ltd.

Articles of Association of Guangzhou Automobile Group Co., Ltd. For the listing of A Shares and H Shares (Note: The English version of these Articles is a translated version of the Chinese version

(1) IN GENERAL. The Chinese automotive industry is the leader in the production, development and sales of light vehicle technologies including, but not limited to, combustion engine, fuel cell, electric and hybrid vehicles, and various components for these vehicles. (2) BECOMING A SINGLE SECTOR ENTITY. (i) A single vehicle manufacturer or a single manufacturer group may, under the same control, sell cars produced in one or several factories located in different parts of the country, as long as the factories are owned by one entity. (ii) The entity referred to in clause (i) may not be organized as a joint-stock corporation with more than 100 million yuan in market value or, in case of an entity with more than 200 million yuan in market value, shall be authorized to manufacture and sell only one such vehicle. (iii) In cases when more than one individual or entity holds a majority of the outstanding shares of stock in a vehicle manufacturer, the vehicle manufacturer shall be authorized to manufacture and sell one or more types or types of light vehicles from the type specified in the vehicle manufacturer's permit issued in accordance with this Part. (3) SAVINGS ASSETS. (i) On request of the State Council, the State Security Bureau, or other bodies with relevant jurisdiction, the manufacturer in charge of production and sales for a single vehicle manufacturer shall deposit with the competent State administration the savings bonds owned by or on behalf of the vehicle manufacturer. (ii) On request of the State Council and if the vehicle manufacturer has not deposited savings bonds on the date of submission of the application for authorization under subsection (2), the vehicle manufacturer is permitted to deposit the savings bonds that the vehicle manufacturer holds. (4) INDEPENDENCE OF FOREIGN MANUFACTURERS. (i) The vehicle manufacturer of a single vehicle manufacturer shall not use money to support production of vehicles for sale in the foreign market. (ii) The vehicle manufacturer of a single manufacturer group shall not use the assets of the vehicle manufacturer of a single manufacturer group to finance the production of any light vehicles outside the relevant vehicle manufacturer (1) group if the vehicle manufacturer of a single manufacturer group owns more than 10% of the common equity of the vehicle manufacturing group or (2) group if the vehicle manufacturer of a single manufacturer group owns more than 5% of the common equity of the vehicle manufacturing group.

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Companies are required to file articles of association when incorporating or registering their business entity.

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The purpose of articles of association is to establish the internal rules and regulations that govern a company's operations and structure. It provides clarity on the rights and responsibilities of shareholders, directors, and other members of the company.

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The specific deadline to file articles of association in 2023 may vary depending on the jurisdiction and regulations of the relevant authority. It is advisable to consult the local authority or seek legal advice to determine the exact deadline.

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