Core Points - The document outlines the rules for the board of directors of Shenzhen Kaizhong Precision Technology Co., Ltd, aiming to standardize decision-making processes and enhance operational efficiency [1][2][12] - The board consists of nine members, including three independent directors and one employee representative, with a chairperson elected by a majority of the board [1][2] Group 1: Board Composition and Diversity - The board's composition should consider diversity in gender, age, region, culture, education background, industry experience, professional skills, and service tenure [2] Group 2: Meeting Procedures - Board meetings are categorized into regular and temporary meetings, with at least one regular meeting held in each half of the year [6] - Notice for regular meetings must be sent ten days in advance, while temporary meetings require a three-day notice [7] - Meetings can be held in person, remotely, or in a hybrid format, with in-person meetings being the default [4] Group 3: Voting and Decision-Making - A quorum requires more than half of the directors to be present, and decisions are made based on a majority vote [10][17] - Independent directors must personally attend meetings, and if they miss two consecutive meetings without delegation, a proposal to dismiss them must be made [12] Group 4: Record Keeping and Confidentiality - Meeting records must include details such as date, attendees, agenda, and voting results, and must be signed by participants [21][22] - All meeting documents must be kept confidential until officially announced [11] Group 5: Execution of Resolutions - Directors are responsible for ensuring the implementation of resolutions and must report any significant changes that could affect execution [25]

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has officially released a consultation summary regarding the review of the Corporate Governance Code and Listing Rules, marking the most significant change in governance standards in nearly a decade, with the revisions set to take effect on July 1, 2025 [2] Group 1: Historical Context and Trends - The Corporate Governance Code has undergone eight revisions since its introduction in 2004, reflecting HKEX's commitment to enhancing corporate governance and aligning with international best practices [5] - Key revisions occurred in 2004 (introduction of the framework), 2012-2013 (enhanced board independence and diversity), 2016 (strengthened risk internal control), 2018 (improved transparency and diversity), 2021 (comprehensive upgrades), and 2024 (efficiency optimization) [5] Group 2: Key Revisions and Requirements - Mandatory establishment of three key committees (Audit, Nomination, and Remuneration Committees) with higher requirements for the number, qualifications, roles, and independence of independent non-executive directors [6] - Enhanced transparency and disclosure requirements transitioning from voluntary "best practice" to mandatory "Corporate Governance Reports," necessitating detailed disclosures on compliance, deviations, and governance practices [7] - Risk management is now a core supervisory responsibility of the board, with mandatory annual effectiveness assessments and disclosures [8] - Diversity policies are now mandatory, particularly regarding gender diversity, with requirements to disclose targets and progress [9] - Continuous optimization of board composition, including term limits for independent directors and mandatory training and performance evaluations to ensure board vitality and independence [10] Group 3: Governance Effectiveness and Training - The revisions emphasize the need for a governance effectiveness-focused training system for directors, including mandatory annual training on specific topics [14] - Boards are required to conduct comprehensive performance evaluations at least every two years, with disclosures on evaluation scope, methods, results, and improvement measures [14] - Enhanced shareholder communication management is mandated, requiring detailed disclosures on the nature, frequency, and follow-up mechanisms of shareholder interactions [18] Group 4: Independence and Diversity - New hard constraints on board independence include a nine-year term limit for independent non-executive directors, with a three-year cooling-off period for reappointment [19] - Independent directors are limited to serving on a maximum of six boards, with additional disclosure requirements [20] - The diversity policy now extends beyond the board to all employees, requiring companies to develop and disclose diversity policies for all staff [22] Group 5: Risk Management and Internal Control - The revisions harden previous soft requirements for risk management, mandating effective evaluations and disclosures of risk management and internal control systems [25] - Companies must establish a comprehensive risk management framework that integrates risk identification, compliance, and internal control processes [28] - Mandatory disclosures on the effectiveness of risk management and internal control systems are now required, including specific evaluation processes and findings [27] Group 6: Capital Management and Shareholder Returns - New regulations enhance disclosure requirements regarding shareholder returns, including mandatory disclosures of dividend policies and the rationale for any non-distributions [35] - Companies are required to construct a dynamic dividend policy framework and regularly review and optimize their dividend policies in alignment with corporate strategy and financial status [35]

Core Viewpoint - The company has established a board diversity policy aimed at enhancing the performance and sustainability of the organization through diverse board member selection, including gender diversity [1][2][5]. General Requirements - All board member appointments will be based on merit while considering the benefits of diversity, including gender diversity [2]. - The board and the nomination committee will evaluate multiple factors for selecting candidates, such as diversity of perspectives, qualifications, time commitment, reputation, and potential contributions [2][3]. Procedures, Monitoring, Reporting, and Disclosure - The nomination committee is responsible for examining and nominating board candidates according to the established policy and relevant regulations [3]. - The committee will review the policy annually to ensure its effectiveness and report on the board's composition and diversity policy implementation in the corporate governance report [3][4]. - The summary of the policy, including measurable gender diversity goals and measures for establishing a talent pool for potential board successors, will be disclosed in the annual report [3][4]. Additional Provisions - The policy will take effect upon approval by the board and the listing of the company's H-shares on the Hong Kong Stock Exchange [4]. - The board is responsible for interpreting and amending the policy as necessary [4].

Core Viewpoint - The draft board diversity policy aims to enhance the governance structure of Shanghai Longqi Technology Co., Ltd. by ensuring diversity in gender, age, nationality, cultural background, education, professional skills, and industry experience among board members [1][2]. Group 1: Policy Objectives - The policy is designed to ensure a balanced and diverse representation on the board, which is seen as a key element for sustainable development and achieving strategic goals [1][2]. - The nomination committee is responsible for reviewing and assessing the composition of the board and making recommendations for new board members, emphasizing the importance of diversity [1][2]. Group 2: Measurable Goals - The identification of board candidates will consider various measurable diversity goals, including gender, age, nationality, cultural background, education, professional experience, skills, and other relevant factors [2]. - The policy outlines specific criteria for evaluating candidates, such as professional qualifications, time commitment, character, integrity, and expected contributions to the board [2]. Group 3: Monitoring and Reporting - The nomination committee will regularly evaluate the effectiveness of the policy and report on the progress of diversity goals, including gender representation on the board [2]. - The policy summary and measurable goals will be disclosed in the company's corporate governance report, with annual reviews of the implementation status [2].

Group 1 - The core objective of the policy is to enhance the governance structure of Qingdao Guon Technology Co., Ltd. by promoting diversity within the board of directors, which is seen as essential for sustainable development [1][2] - The policy aims to ensure a balanced and diverse representation in terms of gender, age, nationality, cultural background, professional skills, and industry experience among board members [1][2] - The nomination committee is responsible for reviewing and evaluating the composition of the board and making recommendations for the appointment of new directors based on merit and the benefits of diversity [1][2] Group 2 - The identification of director candidates will consider the company's nomination policy alongside the diversity policy, focusing on the strengths of candidates and their contributions to the board [2][3] - Measurable diversity goals include factors such as gender, age, nationality, cultural background, education, professional experience, skills, race, independence, knowledge, and tenure [2][3] - The nomination committee will ensure that the selection and nomination of directors follow appropriate procedures to attract candidates from diverse backgrounds [2][3] Group 3 - The nomination committee is required to regularly assess the effectiveness of the policy and the progress of measurable goals, ensuring the policy is implemented effectively [3] - The committee will discuss and reach consensus on relevant measurable goals related to board diversity and propose improvements to the board for review and approval [3] Group 4 - The summary of this policy and any measurable goals will be disclosed in the company's annual ESG report and corporate governance report [4] - The policy will take effect upon the board's resolution and the listing of the company's H shares on the Hong Kong Stock Exchange [5] - The board is responsible for interpreting and amending this policy as necessary [5]

Core Viewpoint - The establishment of the Women's Director Professional Committee by the China Listed Companies Association aims to promote diversity in corporate governance and enhance the role of female directors and executives in listed companies [1][3]. Group 1: Committee Formation and Objectives - The Women's Director Professional Committee held its inaugural meeting on April 23, 2025, in Shanghai, with the participation of key association leaders [2]. - The committee consists of 75 members, including female chairpersons, general managers, secretaries, and financial directors, as well as scholars and governance experts [3]. - The committee's future initiatives will focus on exploring the mechanisms for female directors and executives to enhance corporate governance and provide policy recommendations [3]. Group 2: Importance of Female Leadership - The increasing attention on female executives in corporate governance reflects the evolving governance models and highlights their value in resolving complex issues and fostering team consensus [3]. - Female perspectives contribute to business value, risk awareness, and social responsibility, thereby enhancing corporate governance and innovation capabilities [3].