Core Points - The document outlines the working system for the Chief Executive Officer (CEO) of Lianhua Holdings Co., Ltd, detailing the governance structure and responsibilities of the CEO [1][2][12] Group 1: General Provisions - The CEO is responsible for the daily operations and management of the company and must implement the resolutions of the board of directors [2] - The CEO is appointed or dismissed by the board of directors, and the term is set for three years, with the possibility of reappointment [4][5] Group 2: Qualifications and Dismissal Procedures - Specific disqualifications for the CEO and senior management include legal restrictions and market bans imposed by regulatory authorities [4][5] - The CEO and senior executives must complete handover procedures upon resignation, and their obligations regarding confidentiality and loyalty continue after their term [3][6] Group 3: Duties and Powers of the CEO - The CEO has the authority to manage the company's operations, implement annual plans, and propose the appointment or dismissal of senior executives [4][5] - The CEO must adhere to the decisions made by the shareholders and board of directors, with the ability to make urgent changes only under specific circumstances [12] Group 4: CEO Meetings - The CEO holds regular meetings to discuss significant operational and management issues, with meetings typically occurring monthly [6][7] - Meeting agendas are proposed by various executives and must be approved by the CEO before distribution [7] Group 5: Management Authority - The CEO has defined limits on financial transactions and must seek board approval for transactions exceeding certain thresholds, such as 10% of the company's audited total assets [8][9] - Specific financial thresholds for various types of transactions are outlined, ensuring that the CEO operates within a controlled framework [8][9] Group 6: Reporting System - The CEO is required to report regularly to the board on the implementation of annual plans, major contracts, financial status, and significant investment projects [10] - Immediate reporting to the board is mandated for any significant changes in operational conditions or financial anomalies [10]