Actions(SH:688049) Zheng Quan Zhi Xing·2025-08-24 16:16Core Points - The article outlines the implementation details of the cumulative voting system for the election of directors at Juchip Technology Co., Ltd, aiming to enhance corporate governance and protect the rights of minority shareholders [2][6]. Group 1: General Provisions - The cumulative voting system is established to improve the corporate governance structure and ensure the rights of public shareholders in electing directors [2]. - When electing two or more directors, shareholders will have voting rights equal to the number of shares they hold multiplied by the number of directors to be elected [2][3]. - The system allows shareholders to concentrate their votes on one or several candidates or distribute their votes among all candidates [2]. Group 2: Nomination of Director Candidates - The board of directors is responsible for the qualification review of candidates for directors (excluding independent directors) and will submit a written proposal for election at the shareholders' meeting [3]. - Candidates must provide detailed personal information and commit to the authenticity and completeness of their disclosures [3][4]. Group 3: Election and Voting of Directors - The election of non-independent and independent directors will be conducted separately, with specific voting rights calculated for each category [5][6]. - Shareholders must indicate their total shares and the number of votes allocated to each candidate on the ballot [5]. Group 4: Election Results and Filling Vacancies - The election outcome is determined by the number of votes received, with a requirement that each elected director must receive votes from at least half of the total shares held by attending shareholders [6]. - If the number of elected directors is less than required, a second round of elections will be held, or a new meeting will be convened within two months to fill the vacancies [6].