KSHG(SH:605333) Zheng Quan Zhi Xing·2025-08-07 08:08Core Viewpoint - The document outlines the management of resignation matters for directors and senior management of Kunshan Huguang Automotive Electric Co., Ltd, emphasizing the importance of governance stability and shareholder rights protection [1][2]. Group 1: Resignation Procedures - Directors can resign before their term ends by submitting a written resignation report, which becomes effective upon receipt by the company, except in specific circumstances that would leave the board below the legal minimum [2][3]. - Senior management can also resign before their term ends by submitting a written resignation report, effective upon receipt by the board [2][3]. - The company must complete the election of new directors within sixty days if a resignation leads to a board composition that does not meet legal requirements [2]. Group 2: Responsibilities and Obligations Post-Resignation - Resigning directors and senior management must complete all handover procedures within five days of their resignation or within a timeframe specified by the company [3][4]. - They are required to provide detailed explanations of ongoing company matters to their successors and assist in the transition [4]. - Directors and senior management retain their fiduciary duties and confidentiality obligations even after their term ends, which remain effective for a reasonable period as defined in the company’s articles [6]. Group 3: Shareholding Regulations - Resigning directors and senior management are prohibited from transferring their shares within six months post-resignation [6]. - There are restrictions on the percentage of shares that can be transferred annually during their term, with specific exceptions for certain circumstances [6]. Group 4: Accountability Mechanism - The board will review and determine accountability measures if a resigning director or senior management fails to fulfill their commitments or handover duties [7]. - Individuals can appeal the board's accountability decisions to the audit committee within fifteen days of notification [7].