江苏华辰: 江苏华辰累积投票制实施细则

Core Points - The implementation details of the cumulative voting system aim to enhance corporate governance and protect the interests of minority shareholders [1][2] - The cumulative voting system allows shareholders to allocate their voting rights among candidates for the board of directors, promoting a more democratic election process [1][2] - The system specifies that independent directors and non-independent directors will be elected separately, ensuring transparency and fairness in the election process [2][3] Summary by Sections - Cumulative Voting Definition: The cumulative voting system allows shareholders to have voting rights equal to the number of shares they hold multiplied by the number of directors to be elected, enabling concentrated voting [1][2] - Election Process: Shareholders can propose candidates for the board if they hold at least 1% of the voting shares, and the board will review these proposals before presenting them for shareholder approval [1][2] - Voting Mechanics: Each shareholder's voting power is calculated based on their shares and the number of directors to be elected, with specific rules for distributing votes among candidates [2][3] - Vote Validity: Votes exceeding a shareholder's total voting rights are deemed invalid, while those within the limit are considered valid, with any excess treated as a waiver of voting rights [3] - Implementation and Amendments: The details of the cumulative voting system will take effect upon approval by the shareholders and can be amended by the board, subject to shareholder approval [3]