Independent Director System (Reviewed and approved by the 8th Board of Directors, 15th Meeting of Zibo Zibo Co., Ltd., to be submitted for shareholder approval before taking effect)
Chapter 1 General Provisions
Article 1 To further improve the corporate governance structure of Zibo Zibo Co., Ltd. (hereinafter referred to as the "Company"), promote standardized operations, and enhance the overall quality of the Company, this System is formulated in accordance with the "Administrative Measures for Independent Directors of Listed Companies" (hereinafter referred to as the "Independent Director Measures") issued by the China Securities Regulatory Commission, the "Stock Listing Rules of Shenzhen Stock Exchange," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 – Standardized Operation of Main Board Listed Companies," and other regulations, as well as the Company's actual situation.
Article 2 Independent directors refer to directors who do not hold any positions in the Company other than director, and who have no direct or indirect interest relationship with the Company and its major shareholders or actual controllers, or other relationships that may affect their independent and objective judgment.
Article 3 Independent directors shall owe loyalty and diligence to the Company and all shareholders. They shall conscientiously perform their duties in accordance with laws, administrative regulations, regulations of the China Securities Regulatory Commission, business rules of the Shenzhen Stock Exchange, and the Company's Articles of Association. They shall participate in decision-making, provide supervision and checks and balances, offer professional advice, protect the overall interests of the Company, and safeguard the legitimate rights and interests of small and medium shareholders.