LIBA(SH:603519) Zheng Quan Zhi Xing·2025-08-25 16:30Core Points - The article outlines the management system for the resignation of directors and senior management at Jiangsu Libaba Industrial Co., Ltd, aiming to ensure stability in corporate governance and protect the rights of shareholders [1][2][3] Chapter Summaries Chapter 1: General Principles - The system is established to regulate the resignation of directors and senior management, ensuring compliance with laws and regulations, transparency, smooth transitions, and protection of shareholder rights [1][2] Chapter 2: Resignation Circumstances and Conditions - Resignation can occur due to term expiration, voluntary resignation, dismissal, or other reasons. Directors can resign before their term ends by submitting a written resignation report, which must be disclosed within two trading days [2][3] Chapter 3: Responsibilities and Obligations upon Resignation - Resigning directors and senior management must complete all handover procedures and are prohibited from using their former positions to interfere with the company's operations. Confidentiality obligations regarding company secrets remain effective post-resignation [4][5] Chapter 4: Accountability Mechanism - Directors and senior management who leave before their term ends and cause losses to the company are liable for compensation. The company retains the right to pursue accountability for any breaches of duty or unfulfilled commitments post-resignation [6][7] Chapter 5: Supplementary Provisions - The system will be executed in accordance with relevant laws and regulations, and any conflicts with existing regulations will be resolved according to the latter. The board of directors is responsible for interpreting and amending the system [8]