History
Shandong Xinhua Medical Instrument Co., Ltd. was established on March 10, 1993 by Zibo Economic System Reform Committee of Shandong Province with the consent of Zibo Sports Reform Share Word (1993) No. 83, which converted the net assets of Shandong Xinhua Medical Instrument Factory's hospital equipment branch factory of 30043,000 yuan into 25 million shares of the state and issued 6 million internal employee shares at a premium in the ratio of 1.1.2 to establish a joint stock company by way of directed fund-raising: The company was established as a joint-stock limited company by directional fund-raising through the issuance of 6,000,000 internal employee shares at a premium of 1:1.2 ratio. In December 1996, the company was standardized according to the requirements of the State Council's Guo Fa〖1995〗No.17 and Shandong Provincial People's Government's Lu Zheng Fa〖1995〗No.126, and obtained Shandong Provincial Economic System Reform Commission's No.255 Standardized Confirmation Letter of Shandong Provincial Economic System Reform Commission's No.255 Standardized Letter of Shandong Provincial Economic System Reform Commission's No. 255 Standardized Confirmation Letter of Shandong Provincial People's Government's No. 202 Certificate of Shandong Provincial People's Government's No. 202 Standardized Certificate. The company was re-registered with the Administration for Industry and Commerce after the standardization and the business license was issued. In September 1999, the company implemented the 1998 annual profit distribution plan passed by the shareholders' meeting: based on the total share capital at the end of 1998, 3 shares for every 10 shares. After the implementation of the distribution program, the company's total share capital changed to 40.3 million shares.