QCIOT(SH:688528) Zheng Quan Zhi Xing·2025-07-23 14:18Core Points - The implementation rules for cumulative voting are established to regulate the corporate governance structure of Chengdu Qinchuan Internet of Things Technology Co., Ltd. and to standardize the election of non-employee representative directors [1] - The rules apply to the election of both independent and non-independent directors, allowing shareholders to allocate their voting rights freely among candidates [1][2] - The election of directors must comply with the provisions of the company's articles of association and the Company Law, with specific voting procedures outlined for independent and non-independent directors [2][3] Summary by Sections - Voting Rights and Allocation: Shareholders can distribute their voting rights among one or multiple candidates, but the total number of directors voted for cannot exceed the number of directors to be elected [1][2] - Election Principles: Directors must receive more than half of the valid voting rights held by attending shareholders to be elected. If the number of elected directors is less than required, a second round of voting or a subsequent shareholders' meeting will be held [2][3] - Multiple Rounds of Voting: In case of multiple rounds of elections, the cumulative voting rights will be recalculated for each round, and the results will be announced immediately after voting concludes [3]