Friend (SH:605050) Zheng Quan Zhi Xing·2025-08-25 16:13General Principles - The company establishes a management system for the resignation of directors and senior management to ensure governance continuity and protect the rights of shareholders [1] - This system applies to all forms of termination of office, including expiration of term, resignation, dismissal, and loss of qualification [1] Resignation Procedures - Directors can resign before their term ends by submitting a written resignation report, which will take effect unless it results in a violation of minimum member requirements [2] - The company must complete the election of a new director within 60 days of a resignation to maintain compliance with legal and regulatory requirements [2] Responsibilities Upon Resignation - Directors must specify the resignation date, reasons, and any ongoing commitments in their resignation report [3] - If a director resigns for reasons other than term expiration, they must report to the audit committee and disclose any violations or irregularities [3][4] Post-Resignation Obligations - Directors remain liable for responsibilities incurred during their tenure, and their obligations to the company and shareholders continue for two years post-resignation [5] - Confidentiality obligations regarding company secrets persist until the information becomes public [5] Violations and Penalties - The company can impose penalties for violations of the resignation procedures, including warnings, demotions, or legal action [6] - Any improper gains obtained by a director due to violations must be returned to the company [6] Application to Senior Management - The resignation procedures for senior management are similar to those for directors, requiring written reports and adherence to the established system [7] - The company board is responsible for the formulation and interpretation of this management system [7]