Private non-enterprise unit (legal person) regulations

Chapter One      General

The first  The name of the unit is Shenzhen Watch & Watch Wear Institute。

Article 2 The nature of the unit is the use of non-state-owned assets, social organizations that voluntarily organize and engage in non-profit social service activities。

Article 3 The purpose of this unit is to abide by the Constitution, laws, regulations and national policies，Compliance with social morality， Committed to the integration of precision manufacturing and emerging industries，Creating a new ecology in smart wear。

Article 4 The registration authority of this unit is Shenzhen Civil Affairs Bureau；The business unit of this unit is related functional departments and units in Shenzhen。

The fifth The place of residence of this unit is Shenzhen, Guangdong Province。

Article 6 The articles in this charter are inconsistent with laws, regulations and rules，Subject to the provisions of laws, regulations and rules。

Chapter two      Organizers, start-up capital and business scope

Article 7 The organizer of this unit is Shenzhen Watch & Clock Industry Association。

Organizers have the following rights：

（one）Understand the operating status and financial status of the company；

（two）Recommended Li (Dong) Affairs (hereinafter referred to as Director) and Supervisors；

（three）Have the right to review the minutes of meetings of the Management Committee (Board) (hereinafter referred to as the Council) and the financial and accounting reports of this unit。

eighth The unit is funded by RMB 3 million；

Funder：Shenzhen Watch Industry Association；；Shenzhen Time Valley Intelligent Technology Co., Ltd.，Amount： RMB 1,000,000；2 million yuan。

〔The start-up capital should meet the requirements of the relevant laws and regulations; if it is a multiple investor, it should specify the amount of capital contributed by each investor〕

Article 9 The business scope of this unit: Research, development, consulting, and technical services for watches, smart wearable devices new materials, new processes, and new products; participation in the formulation of standards; promotion of precision manufacturing technology for watches and smart wearable devices。

〔Must be clearly defined and consistent with the business scope confirmed by the business unit〕

third chapter   Organization management system

Article 10 This unit has a board of directors, whose members are 5 (single number, and the number of people who obtain a school permit is at least 5 persons according to the "Promotion of Civil Law"). The council is the decision-making body of this unit.

Directors are elected by the organizers (including funders), employee representatives (generated by all staff members) and relevant units (business supervisors).

The term of office of each director is 4 years. Upon expiration of his term of office, he can be re-elected.
〔3-25 members of the Board of Directors; Directors are appointed for 3 or 4 years; the relevant units mainly refer to the competent business units〕

Article 11 The Board exercises the power to make decisions on the following matters：

（one）Modify the charter；

（two）Business Activity Plan；

（three）Annual financial budget and final accounts；

（four）Increased funding options；

（Fives）The division, merger or termination of this unit；

（six）Appointment or dismissal of the president of the unit and the president and finance director of the unit nominated or dismissed by him/her；

（Seven） Dismissal, addition of directors；

（Eight）Internal organization settings；

（nine）Formulate internal management system；

（ten）Pay for employees；

Article 12 The council meets twice a year (at least twice). One of the following situations should be held in the council meeting：

（one） When the chairman thinks it is necessary；

（two）When more than 1/3 of the directors are jointly proposed。

Article 13  The board of directors has one chairman and one deputy chairman (one to two, with a definite number). The directors and deputy directors are elected or dismissed by the board of directors with a majority of all directors.

Article 14   The vice chairman of the board of directors assists the chairman of the board of directors. When the chairman of the board of directors cannot exercise his power, the vice chairman appointed by the chairman of the board of directors acts on his behalf.

 Article 15 In order to hold a board meeting, the time, place and content of the meeting shall be notified to all directors 10 days before the meeting. If the directors cannot attend due to any reason, they may entrust other directors in writing to attend the council on their behalf. The power of attorney must specify the scope of authorization.

Article 16 The meeting of the board of directors shall be held by more than 1/2 of the directors. The meeting of the board of directors implements a 1-person 1-vote system. The resolutions of the council must be passed by more than half of all directors.

The resolution of the following important issues must be approved by more than two-thirds of all directors：    

（one）Changes to the regulations；

（two）The division, merger or termination of this unit；

Article 17   Meetings of the board of directors shall make minutes of the meeting. If a resolution is formed, the minutes of the meeting shall be produced on the spot, and shall be reviewed and signed by the directors attending the meeting. If the resolution of the council violates laws, regulations, or articles of association, resulting in loss of the unit, the directors participating in the resolution shall bear the responsibility. However, if it is proved to be opposed at the time of voting and recorded in the minutes of the meeting, the director may be exempted from liability.

Council records are kept by the person designated by the chairman.

Article 18 The chairman exercises the following powers:

（one）Convene and chair council meetings;

（two）Check the implementation of the council resolutions;

（three）Laws, regulations, and other powers stipulated in the unit's charter.

Article 19 The president of the unit is responsible to the council and exercises the following powers:

（one）Organize the daily work of the organization and organize the implementation of the resolutions of the council;

（two）Organize the annual business plan of the implementation unit;

（three）Formulate the plan for setting up the internal organization of the unit;

（four）Develop internal management systems;

（Fives）Appointment or dismissal of the deputy position of the unit and the person in charge of finance;

（six）Appointment or dismissal of the head of an internal agency;
This unit please choose to attend the board meeting.

Article 20 The company established a board of supervisors with 3 members. (Writing for less than 3 people: This unit has 3 supervisors.)

The term of office of the supervisor is the same as the term of office of the trustee. When the term of office expires, he can be reelected for consecutive elections.

〔The members of the board of supervisors shall not be less than 3, and a convener shall be elected. A small number of civilian-run non-enterprise units may not have a supervisory board, but they must set up 1-2 supervisors.〕

Article 21  Supervisors are created or replaced by the organizers (including funders), their own employees, or those recommended by the relevant organizations. The representatives of the employees in the board of supervisors are democratically elected by the employees of the unit.

The directors, deans and financial controllers of the unit shall not concurrently serve as supervisors.

[The relevant unit mainly refers to the competent business unit]

Article 22  The supervisory committee or supervisor exercises the following powers:

（one）Check the financial affairs of the unit;

（two）To supervise the violation of laws, regulations, or articles of association by directors and deans of the unit;

（three）When the acts of the directors and dean of the unit damage the interests of the unit, they are required to correct it;

Supervisors attend board meetings.

Article 23  The meeting of the supervisory board is implemented by a one-person-one-vote system. The resolution of the board of supervisors must be approved by a majority vote of all supervisors before they are valid.

Chapter Four    Legal representative

Article 24 The legal representative of this unit is the president.

〔The legal representative is the director or dean (headmaster, director, director, etc.)〕

Article 25 In any of the following circumstances, it shall not be the legal representative of the unit:   
 

（one）Without civil capacity or limited civil capacity;

（two）Being executed or being under criminal enforcement measures;

（three）Being wanted by public security agencies or national security agencies;

（four）He was sentenced to criminal punishment for his crimes, and the execution period was not more than 3 years old, or he was sentenced to deprivation of political rights due to crimes. The implementation period has not exceeded 5 years;

（Fives）The legal representative of a private non-enterprise unit that has been deregistered due to violation of law has not been in place for more than three years since the date on which the unit was deregistered;

（six）Non-Chinese residents;

（Seven）Laws and regulations stipulate that no other person may serve as legal representative.

chapter Five    Asset Management, Principles of Use, and Labor Employment System

Article 26 Source of funding for this unit:

（one）Start-up capital

（two）Government funding;

（three）Revenue from carrying out service activities within the business scope;

（four）interest;

（Fives）Donation;

（six）Other legal income.

Article 27 The funds must be used for the development of business scope and careers as stipulated in the statute, and the surplus does not earn dividends.
 

Article 28 The implementation of the state's accounting system, according to the law of accounting, establish a sound internal accounting supervision system to ensure that the accounting information is legal, true, accurate and complete. Accept taxation and accounting supervision by the taxation and accounting department according to law.

Article 29 Equipped with qualified accounting staff. Accounting cannot be combined with cashiers. When the accounting personnel mobilize their work or leave the company, they must clear the transfer formalities with the person taking over.

Article 30 The financial audit must be conducted before the change of the unit or the replacement of the legal representative.

Article 31 The unit has consciously accepted the annual inspection organized by the registration management organ in accordance with the Provisional Regulations on the Registration Administration of Private Non-enterprise Units.

Article 32 The employment and social insurance systems of this unit shall be implemented in accordance with national laws and regulations and the relevant provisions of the labor and security administrative department of the State Council.

Chapter Six  Party building work

Article 33 This Council supports the leadership of the Communist Party of China, implements the Party’s line, principles and policies, and takes the path of social organization with Chinese characteristics.

Article 34 In accordance with the provisions of the Party Constitution, this Council has been approved by the Party organization at a higher level to establish a Party organization. For example, we cannot establish party organizations separately, and support the work of the party in the organization by jointly establishing party organizations, selecting liaisons for party building work, and so on.

Article 35 This party organization is the party's battle bastion in the name of (social organization) and plays a political role. The basic functions are to ensure political direction, unite and unite the masses, promote the development of (names of social organizations), build advanced culture, serve the growth of talents, and strengthen the construction of party organizations themselves.

Article 36 If the Association changes, withdraws or cancels, the Party organization shall promptly report to the higher level Party organization and do a good job in related work such as the transfer of the Party member organization relationship; when the election of the Association is to be held, the Party organization at the higher level shall be solicited for the review of the main responsible person.

Article 37 The meeting provides necessary venues, personnel, and financial support for party organizations to carry out activities and do a good job. They include funds for party building work in administrative expenses, and support party organizations in their construction activities.

Article 38 The association supports the leadership of social organizations and the leadership of the party organizations to cross their posts. It is recommended that the official members of the Chinese Communist Party in the leading group of social organizations be appointed as party organizations and leaders of discipline inspection organizations.

Article 39 This Council supports the Party organizations in making suggestions on important issues of social organizations, important business activities, large expenditures, receiving large donations, and foreign-related activities.

Chapter VII  Changes to the regulations

Article 40 The amendments to the Articles of Association shall be submitted to the competent business unit for review and approval within 15 days after the vote is passed by the Board of Directors. Within 30 days from the date of review and approval by the competent business unit, it shall be reported to the registration management authority for approval (acquisition of the school permit will change the “approval”). "For the record").

[The statutes of a privately-run school shall be reported to the registration and management organ for record]

chapter eight Asset processing after termination and termination

Article 41 If one of the following circumstances occurs in this unit, it shall be terminated:

（one）Complete the objectives of the regulations;

（two）Failure to continue activities in accordance with the purposes set out in the charter;

（three）Discrete and merged;

（four）Self-dissolving;

Article 42 The termination of this unit shall be reported to the competent business unit for review and approval within 15 days after the board of directors passes the vote.

Article 43 Before the unit goes through the cancellation of registration, it shall establish a liquidation organization under the guidance of the registration management agency, the competent business unit and the relevant agencies, clear up the debts and debts, handle the remaining assets, and complete the liquidation work.

The remaining assets shall be dealt with in accordance with the relevant laws and regulations. During liquidation, activities other than liquidation are not carried out.
The unit shall handle cancellation of registration with the registration authority within 15 days from the date of completion of liquidation.

Article 44 The unit shall terminate upon the date of registration of the deregistration certificate issued by the registration authority.

Chapter nine Supplementary Articles 

Article 45 This Statute was passed by the Council on January 5, 2017.

Article 46 The interpretation of this charter is vested in the Council.

Article 47 The Articles of Association shall come into effect on the date of approval by the registration authority. (Acquisition of a school permit changed "approved" to "recorded").