Chapter 1 General Principles
Article 1
To adapt to the strategic development needs of the company, enhance core competitiveness, determine development plans, improve investor decision-making processes, strengthen decision-making scientificity, increase the effectiveness and quality of major investment decisions, and improve corporate governance structure, the Board of Directors establishes the Strategic and Sustainable Development Committee (hereinafter referred to as the "Committee") in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Guidelines for the Governance of Listed Companies, and other relevant laws, regulations, normative documents, and the Articles of Association of Zhejiang Kaineng Special Materials Co., Ltd. (hereinafter referred to as the "Company") and the Rules of Procedure for Board Meetings.
Article 2
The Strategic and Sustainable Development Committee is a specialized working body established by the Board of Directors according to the resolutions of the shareholders' meeting, mainly responsible for researching and proposing suggestions on the company's long-term development strategies and major investment decisions.
Chapter 2 Composition
Article 3
The Committee consists of three directors, including at least one independent director.
Article 4
Committee members (hereinafter referred to as "Members") are nominated by the Chairman, more than half of the independent directors, or more than one-third of all directors, and elected by the Board of Directors.
Article 5
The Committee has a Chairperson (convener), who is the Chairman of the Company.
Article 6
The term of the Committee is consistent with that of the Board of Directors. Members may be re-elected upon the expiration of their term. If a member ceases to be a director, they automatically lose their membership, and the Committee shall supplement the number of members according to Articles 3 to 5 above.
Article 7
The Committee has an Investment Review Group, led by the General Manager of the Company, with 1-2 deputy leaders.