Management System for Resignation of Directors and Senior Management
(Adopted and approved by the Fourth Extraordinary Shareholders' Meeting of 2025 on March 27, 2026)
Chapter 1 General Provisions
Article 1 To regulate the resignation procedures for directors and senior management of Fujian Mindong Electric Power Group Co., Ltd. (hereinafter referred to as the "Company"), ensure the stability and continuity of the company's governance structure, and protect the legitimate rights and interests of the Company and shareholders, this system is formulated in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China," the "Corporate Governance Guidelines for Listed Companies," the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," the "Management Rules for Shares Held by Directors and Senior Management of Listed Companies and Their Changes," and other relevant laws, regulations, normative documents, and the "Articles of Association," combined with the actual situation of the Company.
Article 2 This system applies to situations where the Company's directors (including independent directors and employee representative directors) and senior management resign due to the expiration of their term, dismissal, or other reasons.
Chapter 2 Resignation Circumstances and Procedures
Article 3 Directors and senior management of the Company may resign before the expiration of their term. Directors and senior management who resign shall submit a written resignation report to the Company, stating the reasons for resignation. For directors, resignation shall take effect from the date the Company receives the notice, unless the circumstances listed in Article 5 of this system occur. For senior management, the specific procedures and methods for resignation shall be stipulated in the labor contract between the senior management and the Company.
Article 4 The Company shall disclose the resignation date, the specific reasons for resignation, the positions held, whether they will continue to hold positions in the Company and its holding subsidiaries after resignation (if continuing, explain the situation), whether there are any unfulfilled public commitments (if any, explain relevant guarantees), shareholding status and lock-up commitments made (if any), and the impact of the resignation on the Company within two trading days of receiving the resignation report from the director or senior management.