海鸥住工: 累积投票实施细则（2025年06月）

Core Points - The implementation rules for cumulative voting at Guangzhou Seagull Residential Industrial Co., Ltd. aim to enhance corporate governance and protect minority shareholders' interests [1] - Cumulative voting allows shareholders to allocate their votes either to a single candidate or distribute them among multiple candidates during board elections [1][2] - The rules specify that cumulative voting is mandatory when a single shareholder or their concerted parties hold more than 30% of the shares or when electing two or more independent directors [1][2] Summary by Sections - Cumulative Voting Definition: Cumulative voting allows shareholders to have a number of votes equal to the number of directors to be elected, which can be concentrated on one candidate or spread across several [1] - Voting Process: Separate voting for independent and non-independent directors is required, with specific calculations for the number of votes based on the shares held [2] - Voting Rights and Procedures: Shareholders with multiple accounts can vote through any account, and the voting rights must not exceed the actual shares held [2][3] - Vote Counting and Results: After voting, the results are counted and announced, with candidates ranked by the number of votes received, requiring a majority to be elected [3] - Regulatory Compliance: Any matters not covered by these rules will follow national laws and regulations, and the rules will be effective upon board approval [3]