*ST熊猫: 熊猫金控股份有限公司累积投票制度实施细则（2025年8月修订）

Core Points - The article outlines the implementation details of the cumulative voting system for the election of directors at Panda Financial Holdings Co., Ltd. [1] - The cumulative voting system allows shareholders to allocate their voting rights across multiple candidates when electing more than one director [1][2] Group 1: General Provisions - The purpose of the implementation details is to enhance the company's governance structure and ensure shareholders can fully exercise their rights [1] - The cumulative voting system is defined as a voting method where each share held by a shareholder grants voting rights equal to the number of directors to be elected [1][2] Group 2: Nomination of Director Candidates - The board of directors and shareholders holding more than 3% of the company's shares have the right to nominate candidates within the limits set by the company's articles of association [3] - Nominated candidates must submit detailed personal information and confirm their eligibility to serve as directors [3][4] Group 3: Election and Voting Process - The election process requires the board to inform shareholders about the cumulative voting method and provide appropriate ballots [5] - Voting rights can be concentrated on one candidate or distributed among several, but cannot exceed the number of directors to be elected [12] - If there are multiple rounds of elections, the cumulative voting rights must be recalculated for each round [10] Group 4: Election Results - Directors are elected based on the number of votes received, with a requirement that the votes must exceed half of the total shares held by attending shareholders [13] - If the number of elected directors is less than required, a second round of elections will be held [15] - In case of a tie in votes among candidates, a second round of voting will be conducted to determine the elected directors [16][17] Group 5: Supplementary Provisions - Any matters not covered by these details will follow national laws and the company's articles of association [18] - The board of directors is responsible for interpreting these implementation details [19] - These details will take effect upon approval by the company's shareholders' meeting [20]