济高发展: 济南高新发展股份有限公司累积投票制实施细则（2025年8月）

Core Points - The implementation rules for the cumulative voting system aim to standardize the corporate governance structure and the election of directors at Jinan High-tech Development Co., Ltd [1] - The cumulative voting system allows shareholders to allocate their voting rights either to a single candidate or distribute them among multiple candidates during the election of two or more directors [1][2] - Separate voting procedures are established for independent and non-independent directors, ensuring that the voting rights are calculated based on the number of directors to be elected [2][3] Summary by Sections - Cumulative Voting Definition: The cumulative voting system enables shareholders to concentrate their voting power on one candidate or distribute it among several candidates when electing directors [1] - Voting Rights Calculation: For non-independent directors, the voting rights are calculated as the total number of shares held multiplied by the number of non-independent directors to be elected. The same calculation applies for independent directors [2] - Voting Distribution: Shareholders can distribute their voting rights among candidates, but the total votes cast cannot exceed their actual voting rights. If exceeded, adjustments must be made [2][3] - Ballot Design: The design of the ballots should facilitate correct voting by shareholders, with clear instructions highlighted [3] - Election Principles: Directors are elected based on the number of votes received, with a requirement that each elected director must receive at least 50% of the votes cast for their respective category [3][4] - Announcement of Results: After voting, the counting personnel will tally the votes and announce the results, including the names of the elected directors [4] - Authority and Interpretation: The rules are established by the board of directors and require approval from the shareholders' meeting, with the board holding the interpretation rights [4]