Zhejiang Shibao updates articles of association, details share structure

Zhejiang Shibao Company Limited, a joint stock company, has updated its Articles of Association, effective November 7, 2025. The company’s registered capital is RMB822,632,384. Its capital structure is composed of 605,847,384 A shares, representing 73.65% of the total, and 216,785,000 H shares, representing 26.35%. This structure reflects previous issuances, including an A share public offering of 15,000,000 shares, a non-public offering of 38,200,000 A shares, and a 2016 capitalization issue increasing shares by 473,786,782.

The company recently issued 32,987,747 A shares to specific targets. Zhejiang Shibao's business scope includes the manufacture and sales of automotive components, metal materials, and electrical products.

Shareholders are entitled to rights such as receiving dividends and distributions proportional to their holdings, and the company is committed to a continuous and steady profit distribution policy, prioritizing cash dividends. The Articles also detail procedures for general meetings, board of directors' powers, and share transfer regulations.