Overview
(1) Articles of Association and Compliance
The company strictly formulates and amends its Articles of Association in accordance with the Company Law, Securities Law, and relevant regulations from the China Securities Regulatory Commission (CSRC). Amendments are approved by the shareholders' meeting and disclosed to investors in a timely manner.
(2) Organizational Structure of Internal Control
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Internal Organizational Structure
The company continuously improves its internal control organizational structure based on the Company Law and Articles of Association, ensuring the effective operation of the shareholders' meeting, board of directors, supervisory board, and management, thereby protecting the interests of investors and the company.- The shareholders' meeting is the company's authority, ensuring equal rights for all shareholders, especially minority shareholders.
- The board of directors is responsible for establishing and supervising the internal control system, developing policies, and monitoring execution.
- The supervisory board supervises the company's finances, reviews periodic reports prepared by the board, and oversees the actions of directors and senior management.
- The board has established four specialized committees: strategy, nomination, audit, and remuneration & assessment, with independent directors in the majority.
- Management is responsible for formulating and executing internal control systems, overseeing daily operations.
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Operation of the "Three Meetings"
The company convenes the "Three Meetings" (shareholders' meeting, board of directors, and supervisory board) in accordance with legal and regulatory requirements. The election of board and supervisory members complies with relevant laws and regulations. All documents are complete and archived, and related parties recuse themselves from voting on matters of conflict. The decision-making process for significant matters follows the Articles of Association and relevant procedural rules.