Bingshan(SZ:000530) Zheng Quan Zhi Xing·2025-09-04 12:12Core Points - The implementation details of the cumulative voting system for the election of directors at Iceberg Cold Technology Co., Ltd. aim to enhance corporate governance and protect the rights of minority shareholders [1][5] - The cumulative voting system allows shareholders to allocate their voting rights in a flexible manner, either concentrating votes on a single candidate or distributing them among multiple candidates [1][3] - The election process includes specific steps to ensure compliance with legal requirements and the company's articles of association, including separate voting for independent and non-independent directors [3][4] Section Summaries General Provisions - The purpose of the cumulative voting system is to improve the corporate governance structure and ensure the rights of public shareholders in electing directors [1] - Cumulative voting allows shareholders to have voting rights equal to the number of shares they hold multiplied by the number of directors to be elected [1][2] Nomination of Director Candidates - Director candidates must meet the qualifications set forth in relevant laws and the company's articles of association [2][3] Voting and Election of Directors - The voting process involves calculating cumulative votes based on the number of shares held and the number of candidates [3][4] - The election of directors requires that each elected director receives more than half of the valid voting rights represented at the meeting [4][5] - If the number of elected directors is less than required, a second round of voting will be conducted [4][5] Miscellaneous Provisions - Any matters not covered by these implementation details will be governed by relevant national laws and the company's articles of association [5]