Tianjin Yiyi Health Products Co., Ltd. Director Resignation Management System
Chapter 1 General Provisions
Article 1 To regulate the resignation procedures for directors of Tianjin Yiyi Health Products 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, the Company has formulated this system in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 1 - Normative Operation of Main Board Listed Companies" (hereinafter referred to as the "Normative Operation"), the "Guiding Opinions on Listed Company Articles of Association," the "Shenzhen Stock Exchange Stock Listing Rules," and other laws, regulations, normative documents, and the "Articles of Association of Tianjin Yiyi Health Products Co., Ltd." (hereinafter referred to as the "Articles of Association").
Article 2 This system applies to all directors of the Company (including independent directors) in cases of resignation due to expiration of term, resignation, removal from office, or other circumstances leading to actual departure.
Chapter 2 Resignation Circumstances and Procedures
Article 3 Director resignations from the Company include failure to be re-elected upon expiration of term, voluntary resignation, removal from office, and other circumstances that result in a director's actual departure.
Article 4 A director may resign before the expiration of their term. A director who resigns shall submit a written resignation report to the board of directors.
The resignation of a director shall take effect upon delivery of the resignation report to the board of directors. Except for the circumstances stipulated in Article 3.2.2, Paragraph 1 of the "Normative Operation," if the following circumstances occur, the director's resignation report shall only take effect after the next director fills the vacancy caused by such resignation, and the original director shall continue to perform their duties in accordance with the provisions of laws, administrative regulations, departmental rules, and the "Articles of Association": (1) The term of office of a director expires and a re-election is not held in a timely manner, or the resignation of a director during their term causes the number of board members to fall below the legally required minimum; (2) The resignation of a member of the audit committee causes the number of audit committee members to fall below the legally required minimum, or the committee lacks a financial professional; (3) The resignation of an independent director causes the proportion of independent directors on the board of directors or its special committees to fail to meet the requirements of laws, administrative regulations, or the "Articles of Association," or the independent directors lack a financial professional.