Sanix Announces Partial Amendment to Articles of Incorporation.Fukuoka, Japan, May 17, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Sanix Incorporated (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 4651) decided at a meeting of its Board of Directors on May 17, 2006 to amend a part of Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. as set out below. The partial amendment to Articles of Incorporation is subject to the approval of the Annual Shareholders' Meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. to be held on June 29, 2006. Reason for Amendments 1. Addition of business purpose Processing, and sale of agricultural products and livestock products, and manufacture, sale, etc. of feeds and fertilizers will be added to the business purposes in the Articles of Incorporation to promote recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. of wasted materials into agricultural products and livestock products. 2. Upon applying the "Corporate Law" (Law No. 86 of 2005), the "Enforcement Regulations of the Law" (Ordinance A law, statute, or regulation enacted by a Municipal Corporation. An ordinance is a law passed by a municipal government. A municipality, such as a city, town, village, or borough, is a political subdivision of a state within which a municipal corporation has been of the Ministry of Justice No.12 of 2006) and the "Calculation Regulations" (Ordinance of the Ministry of Justice No.13 of 2006) taking effect on May 1, 2006, the necessary amendments are made as follows: (1) New articles (Article 20 "Establishment of the Board of Directors", Article 32 "Appointment of Corporate Auditors and Establishment of the Board of Corporate Auditors" and Article 42 "Appointment of Independent Auditing Firm") will be added to set forth organizations maintained by the Company in accordance with the provision of Article 326, Paragraph 2 of the Company Law. (2) A new article, Article 8 "Issuance of Share Certificates", will be added to set forth that the Company shall issue share certificates, in accordance with the provision of Article 214 of the Company Law. (3) A new article, Article 10 "Shareholders' Rights of Shares Constituting Less than One Voting Unit", will be added to limit the rights granted to shareholders having shares less than a trading unit Trading unit The number of shares of a particular security that is used as the acceptable quantity for trading on the exchanges. trading unit See unit of trading. to a reasonable range, in accordance with the provision in Article 189, Paragraph 2 of the Company Law. (4) A new article, Article 16 "Internet Disclosure and Deemed Provision of Reference Documents for Shareholders' Meeting, Etc.", will be added, in accordance with the Regulations for Enforcement of the Company Law and the Regulations for Corporate Accounting, so that part of reference documents for the general meeting may be disclosed on the website of the Company and such disclosure shall be deemed proper disclosure to shareholders, which will also contribute to the cost reduction for the Company. (5) A new article, Article 28 "Omission of Resolutions of the Board of Directors", will be added, in accordance with the provision of Article 370 of the Company Law, so that a resolution of the board of directors may be adopted flexibly by writing or electromagnetic media as needed as needed prn. See prn order. without having a meeting. (6) The reference to Articles in the Company Law will be modified in response to the revision of the Company Law. (7) The wording of quotations from the former Commercial Code will be modified to quotations from the Company Law. Certain expressions and wordings in the text of Articles of Incorporation will be also changed in response to this modification. (8) The numbering of articles will be changed in accordance with these additions and modifications. About Sanix Incorporated Sanix (TSE: 4651) is Japan's leading provider of sanitation sanitation: see plumbing; sanitary science. and environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, . The company's business is divided into three areas; Home Sanitation, and Establishment Sanitation, which provides pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n and sanitation maintenance and protection services for offices and public facilities. The Environmental Resources Development Division provides industrial waste management solutions and recycling services. This division positions Sanix as a leading provider of environmental services to society, which is becoming increasingly concerned about the health of the environment. Sanix's long experience in industrial waste management means the company is poised to take the lead in this new field. Source: Sanix Incorporated Contact: Kozo Inoue Managing Director SANIX INCORPORATED URL: http://www.sanix.co.jp/index_e.htm Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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