FORE(SZ:301368) Zheng Quan Zhi Xing·2025-08-04 16:22Core Points - The article outlines the implementation details of the cumulative voting system for Zhejiang Fengli Intelligent Technology Co., Ltd, aimed at enhancing corporate governance and protecting minority shareholders' rights [2][3]. Group 1: General Provisions - The cumulative voting system allows shareholders to concentrate their voting rights when electing directors, with each share having the same number of votes as the number of directors to be elected [2]. - The implementation details are based on relevant regulations, including the Company Law and the company's articles of association [2]. Group 2: Nomination of Director Candidates - The board of directors and shareholders holding more than 1% of shares can nominate candidates for both independent and non-independent directors [3]. - Nominated candidates must meet qualifications set by laws and regulations, and independent candidates must comply with specific criteria from regulatory bodies [3][4]. Group 3: Voting Process for Director Candidates - The voting process for directors will be conducted separately for independent and non-independent candidates, with specific calculations for cumulative votes [5]. - The voting method requires clear instructions on how to fill out ballots and the counting process [5][6]. Group 4: Election of Directors - Directors are elected based on the number of votes received, requiring a majority of the valid votes from attending shareholders [6]. - In case of a tie in votes, a second round of voting will be conducted to determine the elected candidates [6]. Group 5: Supplementary Provisions - The implementation details will take effect upon approval by the shareholders' meeting and will be interpreted by the board of directors [7].