Group 1 - The company held its 25th temporary board meeting on November 11, 2025, with all eight directors present, including six via video conference [2][3] - The board approved the reappointment of Zhongshun Yatai Certified Public Accountants as the auditor for the fiscal year 2025, with a unanimous vote of 8 in favor [3][39] - The board also approved the performance incentive plan for senior management for the year 2024, along with several amendments to internal governance documents [5][6][12] Group 2 - The company plans to hold its sixth temporary shareholders' meeting on November 27, 2025, with a registration date of November 24, 2025 [57][59] - The meeting will include voting on various proposals, including the reappointment of the accounting firm and amendments to internal policies [64][65] - The company ensures compliance with relevant laws and regulations in the organization of the shareholders' meeting [58][60]

Core Insights - The average governance index for Chinese listed companies in 2025 is 64.94, showing a slight increase from 64.87 in 2024, indicating a steady improvement in governance quality [1][2][3] - Financial sector companies exhibit the highest governance levels, with an average index of 67.32, while the main board companies require further improvement [4][5][17] Governance Index Overview - The governance index has increased by 0.07 from 2024 to 2025, with improvements in shareholder governance, board governance, and stakeholder governance, while supervisory board governance, management governance, and information disclosure have declined [1][3][6] - The distribution of governance ratings shows that 84.43% of companies fall into the B, C, and D categories, with no companies rated AAA or AA [2][3] Industry and Sector Analysis - The governance index varies significantly across industries, with financial companies leading, followed by sectors like scientific research, accommodation, and manufacturing [4][5] - The governance index for private-controlled companies continues to outperform state-owned companies, with companies without actual controllers showing the best governance performance [4][5] Regional Governance Characteristics - Governance levels show a gradient improvement from coastal to inland regions, with 32 regions having an average index above 62.00, indicating a reduction in regional disparities [5] Detailed Dimension Analysis - Shareholder governance index increased from 69.42 to 69.73, driven by improvements in dividend continuity and protection of minority shareholders [7][8] - Board governance index rose to 65.26, reflecting better operational efficiency and structure [8] - Supervisory board governance index slightly decreased to 59.12, indicating a decline in the competency of supervisory board members [9] - Management governance index fell to 60.39, with a slight improvement in appointment systems but a decline in incentive mechanisms [9] - Information disclosure index slightly decreased to 66.19, although relevance and timeliness improved [10] - Stakeholder governance index increased to 69.70, despite a decrease in stakeholder participation [12] Recommendations for Improvement - Establish a mechanism for the audit committee to prevent governance risks during transitional periods [18][19] - Encourage the participation of actual controllers in governance while establishing accountability mechanisms [19][20] - Leverage digital tools to enhance governance efficiency and reduce costs [20][21] - Develop tailored governance guidelines for private-controlled companies to address recent declines in governance quality [20] - Promote differentiated governance standards based on industry characteristics [21] - Create a governance-oriented market value management system to enhance governance premiums [21] - Expand investor litigation channels to strengthen market oversight and protect shareholder rights [22] - Encourage institutional investors to actively participate in governance activities [22]

Meeting Information - The company will hold its first extraordinary general meeting of shareholders in 2025 on September 15, 2025, at 15:00 [1] - The meeting will combine on-site voting and online voting through the Shenzhen Stock Exchange trading system [2] Voting Rights - Shareholders registered by the close of trading on September 8, 2025, are entitled to attend the meeting and vote [2] - Shareholders can only choose one voting method: either on-site or online voting [2] Agenda Items - The meeting will review the proposal regarding the completion of fundraising projects and the permanent allocation of surplus funds to working capital [4][11] Registration and Attendance - Shareholders must complete registration procedures by presenting required documents, including identification and authorization letters for proxies [5][6] - Registration must be completed by 17:00 on September 12, 2025 [9] Online Voting Process - Detailed procedures for online voting will be provided, allowing shareholders to express their voting opinions on proposals [7] - Shareholders must authenticate their identity to participate in online voting [7]

General Principles - The purpose of the cumulative voting system is to enhance the governance structure of Guangdong Andar Intelligent Equipment Co., Ltd., regulate the election of directors, ensure shareholders can fully exercise their rights, and protect the interests of minority shareholders [2][3] - 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 their votes on one candidate or distribute them among multiple candidates [3][4] Nomination of Director Candidates - Only shareholders holding more than 1% of the company's issued shares can propose new director candidates at least 10 days before the shareholders' meeting [4][5] - The nominated candidates must undergo qualification review by the current board's nomination committee before being submitted for election [4][5] Election of Directors - The cumulative voting method must be clearly stated in the notice of the shareholders' meeting, and the voting process must be explained to shareholders [6][10] - Each shareholder's voting power is calculated based on their shares multiplied by the number of directors to be elected, and they can allocate their votes as they see fit [6][7] Principles of Director Election - Directors are elected based on the total votes received, with candidates needing to secure more than half of the voting rights represented at the meeting to be elected [8][9] - If the number of elected directors is less than required but exceeds the legal minimum, the vacancies will be filled in the next shareholders' meeting [9][10] Miscellaneous Provisions - The cumulative voting system will be revised in accordance with any new laws or regulations issued by relevant authorities [12] - The board of directors is responsible for interpreting and amending this system, which takes effect upon approval by the shareholders' meeting [12]

Core Points - The implementation rules for cumulative voting at Cyrus Medical Technology Group are established to protect the rights of minority shareholders and ensure compliance with relevant laws and regulations [1][4] - Cumulative voting will be applied when the company elects or replaces directors, particularly when a single shareholder or their concerted parties hold 30% or more of the voting shares and when electing two or more independent directors [1][2] Summary by Sections Cumulative Voting System - The cumulative voting system allows each share to have voting rights equal to the number of directors to be elected, enabling shareholders to concentrate their votes on one candidate or distribute them among several [1][2] - The voting process requires shareholders to indicate their chosen directors and the number of votes allocated to each on a single ballot [2][4] Voting Procedures - If the total votes used by a shareholder exceed their legal voting rights, the ballot will be considered invalid unless corrected [2][4] - The counting of votes will be conducted by the monitoring personnel, and the elected directors must receive more than half of the votes from the attending shareholders [2][4] Information Disclosure - The company is obligated to disclose information regarding the voting system used, the absolute number of votes received by elected directors, and any other relevant matters deemed necessary by the board or independent directors [4] Nomination and Implementation - The nomination procedures for director candidates will follow the company's articles of association [4] - The implementation rules will take effect upon approval by the company's shareholders' meeting and will be interpreted and revised by the board of directors [4]

General Principles - The implementation details of the cumulative voting system aim to protect the interests of minority shareholders and regulate the governance structure of Shenzhen Guangfeng Technology Co., Ltd [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, enabling them to concentrate their votes on one or more candidates [1][2] Voting Principles - Each shareholder's voting rights are calculated as the number of shares held multiplied by the number of directors to be elected [6] - Shareholders can either concentrate their votes on specific candidates or distribute them among all candidates, but cannot exceed the number of candidates to be elected [7][8] - If a shareholder casts more votes than they hold, that vote is invalid; if they cast fewer, the excess is considered a waiver of voting rights [9] Election Principles - Directors are elected based on the total votes received, with candidates needing to secure more than half of the voting rights held by attending shareholders to be elected [14] - In case of a tie among candidates, specific rules are applied to determine the outcome, including potential re-elections if necessary [15][16] Operational Procedures - The company must clearly state the use of the cumulative voting system in the notice for the shareholders' meeting and provide the relevant implementation details [17] - Voting can be conducted in person or through a proxy, and the ballots must include specific information to ensure clarity and compliance with the voting process [19]

General Principles - The implementation rules for the cumulative voting system aim to enhance corporate governance and protect minority shareholders' interests [1][2] - The cumulative voting system allows shareholders to allocate their voting rights across multiple candidates or concentrate them on a single candidate during board elections [2][3] Nomination of Director Candidates - Director candidates must comply with relevant laws and internal regulations, including obtaining written consent from nominees before submission [7][8] - Nominees are required to provide detailed personal information and confirm their eligibility for the position [9][10] Voting and Election of Directors - The election process includes a candidate presentation segment, allowing shareholders to engage with nominees [12][13] - Voting for independent and non-independent directors is conducted separately, with specific calculations for voting rights based on the number of shares held [14][15] Election Principles - The number and composition of elected directors must adhere to legal and regulatory requirements, with a majority vote needed for election [16][17] - In cases of ties or insufficient elected candidates, a second round of voting or a subsequent meeting may be required to fill vacancies [18][19] Miscellaneous Provisions - Any matters not covered by these rules will follow national laws and the company's articles of association [19][20] - The board of directors is responsible for revising and interpreting these rules, which take effect upon shareholder approval [21][22]

Core Points - The article outlines the cumulative voting system implemented by Shanghai Yachuang Electronics Group Co., Ltd to protect the interests of minority shareholders and regulate corporate governance [2][4] - The cumulative voting system allows shareholders to allocate their voting rights in a flexible manner during the election of directors, enhancing shareholder participation [4][5] Group 1: General Principles - The cumulative voting system is established to maintain the interests of minority shareholders and to standardize the election of directors [2][4] - Shareholders can concentrate their voting rights on one candidate or distribute them among multiple candidates when electing two or more directors [4][5] - The term of directors elected through this system does not implement staggered terms, meaning that any director elected to fill a vacancy will serve only for the remainder of the current term [4][5] Group 2: Voting Principles - Each shareholder's voting rights during the election of directors are calculated as the number of shares held multiplied by the number of directors to be elected [5][6] - Shareholders can vote for a maximum number of candidates equal to the number of directors to be elected [5][6] - Votes cast in excess of a shareholder's total voting rights will be deemed invalid, while votes less than the total will be considered valid, with the difference treated as a waiver of voting rights [5][6] Group 3: Election Principles - Directors are elected based on the total votes received, with candidates ranked from highest to lowest votes, requiring a majority of the voting rights present at the meeting to be elected [7][8] - In cases of tied votes among candidates, specific procedures are outlined to resolve the tie and ensure that the required number of directors is elected [8][9] Group 4: Special Procedures - The company must clearly state the use of the cumulative voting system in the notice of the shareholders' meeting [9] - Shareholders must receive or have access to the established voting system prior to the election [9] - The election process allows for both personal and proxy voting by shareholders [9]

Core Points - The article outlines the cumulative voting system for the election of directors at Nantong Taihe Chemical Co., Ltd, aiming to enhance corporate governance and protect minority shareholders' rights [1][2] - The system allows shareholders to allocate their voting rights flexibly, either concentrating them on specific candidates or distributing them among multiple candidates [1][5] - The implementation of this voting system is mandatory when a single shareholder or their concerted parties hold 30% or more of the voting shares [1][2] Section Summaries General Provisions - The cumulative voting system is established to improve the corporate governance structure and ensure fair elections for directors [1] - Each share held by a shareholder grants them voting rights equal to the number of directors to be elected, allowing for flexible allocation of votes [1][2] Nominations - The board of directors or shareholders holding more than 1% of shares can propose candidates for directorship [2][6] - Nominees must provide detailed personal information and confirm their willingness to accept the nomination [2][6] Voting Process - Voting for directors will be conducted separately for independent and non-independent directors to maintain the required ratio [5][6] - Shareholders can cast their votes in a manner that allows for flexibility, but the total votes cast cannot exceed their total voting rights [5][6] Election Outcomes - In cases of equal elections, the voting rights and the validity of votes will be assessed to determine the elected directors [7][8] - If the number of elected directors does not meet the required threshold, a second round of elections will be held [8][9]

Core Points - The article outlines the implementation of a cumulative voting system to protect the interests of minority shareholders and regulate the election of directors within Wuxi Lihu Pressure Technology Co., Ltd [1][2][10] Group 1: Cumulative Voting System Overview - The cumulative voting system is primarily applicable to the election of directors, allowing shareholders to allocate their voting rights based on the number of shares they hold multiplied by the number of directors to be elected [2][3] - Shareholders can concentrate their votes on one candidate or distribute them among multiple candidates, with the candidates receiving the highest votes being elected [2][3] - The term of directors elected through this system does not implement staggered terms, meaning that any director elected to fill a vacancy will serve only for the remainder of the current term [2][5] Group 2: Voting Principles - The election of directors should adequately reflect the opinions of minority shareholders, and the cumulative voting system should be actively promoted during elections [6][7] - Each shareholder's voting rights during the election are calculated as the number of shares held multiplied by the number of directors to be elected [6][7] - Votes for independent and non-independent directors must be cast separately, ensuring clarity in the voting process [11][12] Group 3: Election Procedures - Directors are elected based on the total votes received, with a requirement that the total votes must exceed half of the voting rights held by shareholders present at the meeting [15][16] - In cases of tied votes among candidates, specific procedures are outlined to resolve the tie and ensure that all director positions are filled [16][17] - The company must provide clear instructions and explanations regarding the cumulative voting process prior to the shareholder meeting [18][19] Group 4: Implementation and Compliance - The company is required to include special notes regarding the cumulative voting system in the notice for the shareholder meeting [18][19] - Shareholders can vote in person or authorize others to vote on their behalf, ensuring flexibility in participation [20][21] - Any matters not covered by these rules will be governed by relevant national laws and the company's articles of association [10][10]