Core Points - The article outlines the cumulative voting system for the election of directors at Nantong Taihe Chemical Co., Ltd, aiming to enhance corporate governance and protect minority shareholders' rights [1][2] - The system allows shareholders to allocate their voting rights flexibly, either concentrating them on specific candidates or distributing them among multiple candidates [1][5] - The implementation of this voting system is mandatory when a single shareholder or their concerted parties hold 30% or more of the voting shares [1][2] Section Summaries General Provisions - The cumulative voting system is established to improve the corporate governance structure and ensure fair elections for directors [1] - Each share held by a shareholder grants them voting rights equal to the number of directors to be elected, allowing for flexible allocation of votes [1][2] Nominations - The board of directors or shareholders holding more than 1% of shares can propose candidates for directorship [2][6] - Nominees must provide detailed personal information and confirm their willingness to accept the nomination [2][6] Voting Process - Voting for directors will be conducted separately for independent and non-independent directors to maintain the required ratio [5][6] - Shareholders can cast their votes in a manner that allows for flexibility, but the total votes cast cannot exceed their total voting rights [5][6] Election Outcomes - In cases of equal elections, the voting rights and the validity of votes will be assessed to determine the elected directors [7][8] - If the number of elected directors does not meet the required threshold, a second round of elections will be held [8][9]
泰禾股份: 累积投票制度（2025年8月）