WXSJ(SH:603185) Zheng Quan Zhi Xing·2025-09-05 16:34General Provisions - The implementation rules for the cumulative voting system aim to improve the corporate governance structure of Hongyuan Green Energy Co., Ltd. and protect the interests of minority shareholders [1] - The cumulative voting system allows shareholders to have voting rights equal to the number of shares they hold multiplied by the number of directors to be elected, enabling them to concentrate or distribute their votes [1] Nomination of Directors - The nomination of directors must be within the limits set by the company's articles of association, and the board of directors will propose candidates after approval by the nomination committee [2] - Shareholders holding more than 1% of the company's issued shares have the right to nominate candidates for both independent and non-independent directors [2][3] - Candidates must submit complete personal information and confirm their eligibility to serve as directors [3] Voting Procedures - The voting process for directors will be clearly explained to shareholders, including the method of cumulative voting [4] - Each shareholder's cumulative voting power is calculated by multiplying the number of shares they hold by the number of directors to be elected [4][5] - Votes can only be cast as approval votes, and any excess votes or votes for more candidates than allowed will be considered invalid [5] Confirmation of Election - Directors are elected based on the total votes received, with a requirement that the total votes exceed half of the voting rights held by shareholders present at the meeting [7] - In case of a tie in votes among candidates, a re-election will be held within two months to fill the vacancies [7][8] Miscellaneous - Any matters not covered by these rules will be governed by relevant national laws, regulations, and the company's articles of association [8]