XD Inc. is a company located in Hong Kong. The company's history can be traced back to the establishment of the Communication and Signal Engineering Company by the Chinese Ministry of Railways in 1953. In 1981, the Ministry of Railways approved the formation of the controlling shareholder, the Signal Group. The Signal Group is a large state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council. On August 17, 2010, the State-owned Assets Supervision and Administration Commission of the State Council issued a reply regarding the overall restructuring and listing of the China Railway Communication Signal Group Co., Ltd. According to the reply, the Signal Group was approved for overall restructuring and the establishment of a joint-stock company. On December 2, 2010, the founders of XD Inc. signed an agreement regarding the establishment of China Railway Communication Signal Co., Ltd., which specified the company's capital, the number of shares subscribed by the founders, the method and amount of capital contribution, the timing of the contribution, and other matters related to the establishment of the company. According to the agreement, the total share capital of XD Inc. is 4.5 billion shares, and the founders' contributions are converted into shares at a ratio of 1:0.83799. On December 20, 2010, China United Assets Appraisal Co., Ltd. evaluated the net asset value of the Signal Group as of March 31, 2010, and issued an evaluation report. The net asset value of the Signal Group was assessed at 5,362,994.8 million yuan. The evaluation report was approved by the State-owned Assets Supervision and Administration Commission of the State Council. On December 24, 2010, the founders of XD Inc. signed a supplementary agreement regarding the timing of their contributions. On December 26, 2010, the State-owned Assets Supervision and Administration Commission of the State Council issued a reply regarding the adjustment of the equity structure of XD Inc., approving the company's equity structure plan. On December 27, 2010, the State-owned Assets Supervision and Administration Commission of the State Council issued a reply approving the establishment of XD Inc. and agreeing to the company's articles of association. On December 28, 2010, Zhongtianyun Certified Public Accountants issued a capital verification report, confirming that XD Inc. had received a total of 900 million yuan in initial contributions from all founders, all of which were in monetary form. On December 29, 2010, all founders held an inaugural meeting, agreeing to establish XD Inc., approving the articles of association, and electing the first board of directors and board of supervisors. On the same day, XD Inc. obtained the Enterprise Legal Person Business License issued by the State Administration for Industry and Commerce (Registration No.: 100000000043121).
Headquarters
40th Floor, Dah Sing Financial Centre, 248 Queen's Road East, Wanchai, Hong Kong
Hong Kong; Hong Kong;
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Website: http://www.xd.com
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