General Principles - The purpose of the management system is to enhance the management level and efficiency of the company's senior management, clarify their responsibilities, and protect the rights of the company, shareholders, and creditors [1][2] - The general manager is the administrative head of the company under the board of directors, responsible for implementing board resolutions and managing daily operations [1][2] Qualifications for Senior Management - Individuals with certain disqualifying conditions, such as criminal convictions related to corruption or financial misconduct, cannot hold senior management positions [2][3] - Senior management must not hold positions in other enterprises controlled by the major shareholders or actual controllers, except for roles as directors or supervisors [2][3] Appointment and Dismissal of Senior Management - The company has one general manager and several vice general managers, with the general manager nominated by the chairman and appointed by the board [2][3] - Senior management has a term of three years, with the possibility of reappointment [2][3] Powers and Responsibilities of Senior Management - The general manager is responsible for the company's operational management, implementing board decisions, and reporting to the board [3][4] - The general manager has specific approval powers for non-related and related transactions, with defined financial thresholds [3][4] Obligations of Senior Management - Senior management must adhere to legal and regulatory requirements, ensuring loyalty and diligence towards the company [5][6] - They are prohibited from engaging in activities that could harm the company's interests, such as misappropriating funds or disclosing confidential information [5][6] General Manager's Office Meetings - The company implements a general manager's office meeting system to facilitate democratic decision-making and report to the board [7][8] - Regular meetings are held monthly, with provisions for emergency meetings when necessary [7][8] Reporting Responsibilities - The general manager must report various significant matters to the board, including investments, contracts, financial performance, and major incidents affecting operations [10][11] - Reports must be timely and truthful, ensuring compliance with the company's regulations and legal requirements [10][11]