SZHL(SZ:002255) Zheng Quan Zhi Xing·2025-08-25 16:31Core Points - The implementation details of the cumulative voting system aim to enhance the corporate governance structure of Suzhou Hailu Heavy Industry Co., Ltd and ensure shareholders can fully exercise their rights [1][2] - 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 directors [1][2] - Independent and non-independent directors will be elected separately using the cumulative voting system, ensuring compliance with regulations [2][3] Summary by Sections - The cumulative voting system is defined as the total voting rights of shareholders being equal to their total shares multiplied by the number of directors to be elected [1] - The voting rights for independent directors can only be cast for independent director candidates, while non-independent directors' voting rights are restricted to non-independent candidates [2] - In cases where the total votes for candidates are equal, a second round of voting will be conducted to determine the elected directors [3][4] - The voting process must ensure that each elected director receives more than half of the total shares held by attending shareholders [3] - The implementation details will take effect upon approval by the shareholders' meeting and will be interpreted and revised by the company's board of directors [4]