Chapter One General Principles
Article One
These rules are formulated to regulate the board meetings of Zhangjiajie Travel Group Co., Ltd. (hereinafter referred to as "the Company"), and to ensure the scientific, standardized, and orderly conduct of board meetings. They are based on the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Rules for the Listing of Stocks on the Shenzhen Stock Exchange, and other relevant laws and regulations.
Article Two
The board of directors is responsible for the Company’s affairs, consisting of no less than nine directors, among which at least one independent director must be a member of the board.
Article Three
The board of directors shall select its chairperson, who shall preside over board meetings, and the company secretary shall assist in the organization of board meetings.
Chapter Two Composition of the Board
Article Four
The board of directors shall consist of directors elected by the shareholders' meeting, and the number of directors shall not be less than three.
Article Five
The board of directors shall have the authority to appoint and dismiss the company’s senior management personnel, and to make decisions regarding the company’s major operational matters.
Chapter Three Authority and Responsibilities of the Board
Article Six
The board of directors shall have the authority to:
- Convene and preside over board meetings.
- Review and approve the company’s financial reports.
- Approve major investments and financing plans.
- Supervise the company’s management and operations.