Core Viewpoint - The announcement details the upcoming election of the eighth board of directors for Zhejiang George White Clothing Co., Ltd., highlighting the composition and qualifications of the candidates [2][3]. Group 1: Board Composition - The eighth board of directors will consist of 9 members, including 5 non-independent directors, 1 employee representative director, and 3 independent directors [2][3]. - The independent directors' candidates have been approved by the Shenzhen Stock Exchange and include professionals with relevant qualifications [3]. Group 2: Candidate Qualifications - Pool Fangran, a candidate for non-independent director, holds 13.73% of the company's shares and is one of the actual controllers [6]. - Chen Yongxia, another non-independent director candidate, holds 7.45% of the company's shares and is related to Pool Fangran [7]. - Pi Ye, also a non-independent director candidate, has been with the company since 2013 and currently serves as the chairman [8]. - The independent director candidates include Qu Jing, Lin Zulong, and Zhou Weiguo, all of whom have relevant professional backgrounds and have not faced any regulatory penalties [10][11][12]. Group 3: Election Process - The election will be conducted through a cumulative voting system, with separate votes for non-independent and independent director candidates [3]. - The new board will take office upon approval by the shareholders' meeting, and the current board will continue to fulfill their duties until the new board is in place [3]. Group 4: Acknowledgment of Current Board - The company expresses gratitude to the current board members for their contributions to the company's development during their tenure [4].

Core Viewpoint - Zhejiang George White Garment Co., Ltd. is revising its corporate governance documents in compliance with new regulations and to align with its operational needs [1][2]. Group 1: Corporate Governance Revisions - The company held its 22nd meeting of the 7th Board of Directors on August 15, 2025, where it approved amendments to various governance documents including the Articles of Association and several procedural rules [1]. - The revisions are in accordance with the new Company Law effective from July 1, 2024, and related regulatory guidelines [1][2]. - The amended documents include the Articles of Association, rules for online voting at shareholder meetings, external guarantee management, cumulative voting procedures, fundraising management, and rules for board and audit committee meetings [1][2]. Group 2: Next Steps - The proposed amendments will be submitted for approval at the company's first extraordinary general meeting of 2025, where shareholders will also authorize the board to handle necessary filings and changes related to the amendments [2]. - The final approval of the revised Articles of Association is subject to the confirmation by the market supervision administration [2].

Group 1 - The candidate for the independent director position at Zhejiang George White Garment Co., Ltd. is fully aware of and agrees to the nomination by the board of directors [2] - The candidate declares that there are no relationships that could affect their independence and meets all legal and regulatory requirements for independent directors [2][3] - The candidate has undergone qualification review and training, ensuring compliance with relevant laws and regulations [3][4] Group 2 - The candidate confirms that they do not hold any positions in the company or its subsidiaries, nor do they have significant shareholding in the company [5][6] - The candidate has no conflicts of interest with the company or its major shareholders and has not been subject to any disqualifying actions by regulatory authorities [7][8] - The candidate commits to fulfilling the responsibilities of an independent director diligently and independently, without influence from major shareholders or related parties [9]

Core Points - The document outlines the rules for the shareholders' meeting of Zhejiang George White Clothing Co., Ltd, ensuring compliance with the Company Law and Securities Law of the People's Republic of China [1][2][3] - The company must hold annual and temporary shareholders' meetings, with specific timelines for notification and procedures for convening these meetings [5][6][7] - Legal opinions must be obtained for the meeting's procedures, attendance qualifications, and voting results to ensure legality [2][3] Group 1: Shareholders' Meeting Organization - The company must convene the shareholders' meeting in accordance with legal and regulatory requirements, ensuring shareholders can exercise their rights [1][2] - The board of directors is responsible for organizing the meeting and must respond to requests from independent directors or shareholders holding over 10% of shares within specified timeframes [8][10] - The audit committee has the authority to propose temporary meetings and can convene them if the board fails to act [3][4] Group 2: Proposals and Notifications - Shareholders holding at least 1% of shares can submit proposals 10 days before the meeting, and the conveners must notify all shareholders of these proposals [14][15] - Notifications must include detailed information about the proposals, including candidates for director elections and their qualifications [16][18] - The notice must be sent out at least 20 days before the annual meeting and 15 days before a temporary meeting [16][17] Group 3: Meeting Procedures - The meeting must be held in a designated location, and shareholders can attend in person or via authorized representatives [21][22] - The meeting must maintain order, and the board is responsible for ensuring a smooth process [23][24] - Voting procedures must be clearly defined, and results must be announced immediately after the meeting [49][51] Group 4: Decision-Making and Disclosure - Decisions made during the meeting must be documented, including attendance and voting results, and must be disclosed to shareholders promptly [56][59] - The company must ensure that resolutions comply with legal standards, and shareholders can request annulment of invalid resolutions within 60 days [59][60] - The board secretary is responsible for public disclosures and ensuring compliance with regulatory requirements [22][66]

Core Points - The company establishes a system to improve the management and usage of raised funds, ensuring compliance with relevant laws and regulations [1][2][3] - The company must disclose the actual usage of raised funds accurately and completely, and announce any significant impacts on investment plans [2][3] - The company is prohibited from changing the intended use of raised funds without proper approval and disclosure [3][4] Fund Management - The company must establish internal controls for the management and usage of raised funds, including approval processes and risk control measures [2][5] - Raised funds should be stored in a special account approved by the board and cannot be used for non-designated purposes [9][10] - The company can temporarily use idle raised funds for cash management, provided it does not affect the normal investment plans [6][7] Investment Projects - The company must use raised funds for specific projects as outlined in the prospectus and cannot change the project without board approval [3][4] - If there are changes in the investment project, the company must provide justifications and seek necessary approvals [11][12] - The company is required to report on the progress of investment projects and any deviations from the planned usage of raised funds [13][14] Oversight and Reporting - The company must conduct regular audits of the management and usage of raised funds and report findings to the board [5][13] - The sponsor institution is responsible for ongoing supervision of the company's fund management and must report any irregularities [13][14] - The company must disclose any significant changes in the financial status of cash management products used for idle funds [7][8]

Core Points - The company is Zhejiang George White Clothing Co., Ltd., established in accordance with the Company Law of the People's Republic of China and other relevant regulations [2][3] - The company was approved for establishment by the Zhejiang Provincial Government and registered with the Zhejiang Provincial Administration for Industry and Commerce [2] - The company was listed on the Shenzhen Stock Exchange on July 13, 2012, with an initial public offering of 24.65 million shares [3] - The registered capital of the company is RMB 504,779,491 [3] Chapter Summaries General Provisions - The articles of association serve as a legally binding document governing the organization and behavior of the company, shareholders, directors, and senior management [4] - The company is a permanent joint-stock company [3] Business Objectives and Scope - The company's business objective is to enhance service quality and optimize efficiency, aiming to become a leading clothing enterprise in China [4][5] - The business scope includes clothing manufacturing, retail, wholesale, special labor protection products, and internet sales [5] Shares - The company's shares are in the form of stocks, with a par value of RMB 1.00 per share [6] - The total number of shares issued is 504,779,491, all of which are ordinary shares [7] Shareholders and Shareholder Meetings - Shareholders have rights to dividends, participate in meetings, supervise the company, and access company documents [11][12] - The company must hold an annual general meeting within six months after the end of the fiscal year [48] Board of Directors and Management - The board of directors is responsible for the company's operations and is elected by shareholders [4] - Senior management includes the manager, deputy managers, financial officer, and other key positions [4] Financial Accounting and Auditing - The company must establish a financial accounting system and conduct internal audits [4] - The appointment of external auditors must be approved by the shareholders [4] Amendments and Notifications - Amendments to the articles of association require shareholder approval [4] - Notifications regarding shareholder meetings must be sent out in a timely manner [60][61]

Core Points - The article outlines the independent director system for Zhejiang George White Clothing Co., Ltd., aiming to enhance corporate governance and protect the interests of shareholders and stakeholders [2][19] - Independent directors must not hold any other positions within the company and should have no direct or indirect interests that could affect their independent judgment [2][3] - The company must ensure that independent directors constitute at least one-third of the board, including at least one accounting professional [2][3] Group 1: Independent Director Qualifications - Independent directors must possess relevant knowledge of corporate operations and have at least five years of experience in law, accounting, or economics [8][12] - Candidates for independent directors must not have any significant negative records, such as recent securities violations or major credit issues [4][5] - Independent directors can serve on the boards of a maximum of three domestic companies to ensure they can fulfill their responsibilities effectively [4][8] Group 2: Responsibilities and Powers - Independent directors are responsible for participating in board decisions, supervising potential conflicts of interest, and providing professional advice to enhance decision-making [23][24] - They have the authority to propose the convening of temporary shareholder meetings and to request board meetings [32][34] - Independent directors must attend board meetings in person and can delegate their voting rights if unable to attend [27][28] Group 3: Independence and Evaluation - Independent directors must maintain their independence and undergo annual self-assessments regarding their independence status [11][12] - The board is required to evaluate the independence of its directors annually and disclose the results alongside the annual report [11][12] - If an independent director fails to meet independence criteria, they must resign immediately, and the company must fill the vacancy within 60 days [9][10] Group 4: Communication and Reporting - The company must establish effective communication mechanisms between independent directors and minority shareholders [34][35] - Independent directors are required to submit annual reports detailing their attendance at meetings and their engagement with the company [35][36] - The company must provide necessary resources and support to independent directors to facilitate their duties [39][40]

Core Points - The document outlines the rules for the board of directors of Zhejiang George White Clothing Co., Ltd, aiming to standardize meeting procedures and decision-making processes [1][14] - The board is required to hold at least two regular meetings each year, one in each half [3] - Proposals for regular meetings must be formed after consulting all directors and submitted to the chairman for drafting [4] - Temporary meetings can be called under specific circumstances, such as requests from shareholders or regulatory bodies [7] Group 1 - The board office is responsible for handling daily affairs and maintaining official seals [2] - Meeting notifications must be sent out in advance, with regular meetings requiring ten days' notice and temporary meetings requiring five days [8] - Meetings must have a quorum of more than half of the directors present to be valid [4][11] Group 2 - Directors are expected to attend meetings in person, but can delegate their attendance under certain conditions [5][6] - Voting on proposals is conducted by a show of hands or written ballot, with each director having one vote [17] - Decisions require a majority of the directors present, and specific rules apply for related party transactions [19][20] Group 3 - Meeting records must include details such as attendance, proposals discussed, and voting results [27] - The board secretary is responsible for maintaining meeting archives for ten years [32][34] - Any amendments to the rules must be approved by the shareholders' meeting [14]

Core Viewpoint - The company has established a set of guidelines to regulate external guarantees, ensuring the protection of investors' rights and the safety of company assets [1][2]. Group 1: Principles and Approval Process - The company defines "guarantee" as providing assurance, mortgage, pledge, lien, and deposit for others, including for its subsidiaries [1]. - External guarantees must adhere to principles of legality, prudence, mutual benefit, and safety, with strict control over guarantee risks [1]. - Approval for external guarantees requires a two-thirds majority from the board of directors, and certain guarantees exceeding specified thresholds must be approved by the shareholders' meeting [2][3]. Group 2: Risk Management and Oversight - The company must require counter-guarantees from the other party, ensuring that the counter-guarantee provider has the actual capacity to bear the obligation [1]. - The financial department is responsible for submitting a written application and due diligence report, which includes details on the guarantee amount, credit status of the guaranteed party, and associated risks [2]. - Continuous monitoring of the guaranteed party's financial status is mandated, with regular reporting to the board of directors [5]. Group 3: Disclosure and Compliance - The company is required to disclose relevant information regarding external guarantees in a timely manner [3]. - Independent directors must provide independent opinions on external guarantee matters and conduct regular investigations into the company's guarantee situation [5]. - The guidelines will take effect upon approval by the shareholders' meeting and will be interpreted by the board of directors [5].

Core Points - The implementation rules for the cumulative voting system aim to enhance the corporate governance structure and ensure shareholders can fully exercise their rights during the election of directors and supervisors [1][2] - The cumulative voting system allows shareholders to allocate their voting rights either to a single candidate or distribute them among multiple candidates when electing more than one director [1][2] - Independent and non-independent directors are elected separately using the cumulative voting system to ensure compliance with regulations [1][2] Summary by Sections - The cumulative voting system is defined as the total voting rights of shareholders being equal to their total shares multiplied by the number of directors to be elected [1] - If only one director is to be elected, the cumulative voting system does not apply [2] - The voting process requires that if the total votes cast exceed the actual voting rights, the votes will be adjusted accordingly, and any refusal to confirm the distribution will result in the votes being invalidated [2] - The election of directors is based on the number of votes received, and in case of a tie, a re-election process will be initiated to determine the elected directors [2][3] - Any matters not covered by these rules will follow relevant national laws and the company's articles of association [3] - Amendments to these rules must be proposed by the board and approved by the shareholders' meeting [3] - The rules will take effect after being approved by the shareholders' meeting [3]