Joint Venture Charter in EnglishArticles of Association for Joint Ventures Using Chinese and Foreign Investment Chapter 1 General Provisions Article 1 In accordance with the "Law of the People’s
re company includes production, sales, and related services of ______products, as well as other business activities approved by the Chinese government. Article 8 The scale of production shall be determined by the board of directors in accordance with market demand and production capacity. Chapter 3 Registered Capital, Capital Contribution, and Profit Distribution Article 9 The registered capital of the joint venture company is _____ million RMB, contributed by Party A and Party B in proportion to their respective shares. Article 10 The capital contribution of Party A and Party B shall be made in cash and property. The amount and value of the capital contribution shall be determined by the board of directors. Article 11 The profit distribution of the joint venture company shall be based on the proportion of capital contribution of Party A and Party B. The specific method of profit distribution shall be determined by the board of directors. Chapter 4 Management and Operation Article 12 The management structure of the joint venture company consists of a board of directors, a general manager, and a supervisory committee. Article 13 The board of directors is the highest authority of the joint venture company. It is responsible for making major business decisions and supervising the company's management. Article 14 The general manager is responsible for the day-to-day management of the joint venture company. Article 15 The supervisory committee is responsible for supervising the financial and accounting activities of the joint venture company. Chapter 5 Legal Liabilities Article 16 The parties to the joint venture shall be liable for breach of contract and other legal liabilities in accordance with relevant Chinese laws and regulations. Chapter 6 Supplementary Provisions Article 17 Any amendment to this Articles of Association shall be made in accordance with relevant Chinese laws and regulations. Article 18 The Articles of Association shall become effective upon approval by the relevant Chinese authorities. Article 19 Any matters not covered by this Articles of Association shall be handled in accordance with relevant Chinese laws and regulations.
Signed by: Party A: ____________________________ Party B: ____________________________ Date: ______________________________
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