Chapter 1 General Principles
Article 1
To adapt to the strategic development needs of the company, enhance core competitiveness, and improve the level of major investment decision-making and independent innovation capabilities, the company establishes the Strategic and Investment Committee under the Board of Directors and formulates these work rules in accordance with the Company Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, and the Articles of Association of China National Machinery Industry Corporation (hereinafter referred to as "the Articles of Association") and other relevant regulations.
Article 2
The Strategic and Investment Committee is a specialized committee under the Board of Directors, primarily responsible for researching and proposing suggestions on the company's long-term development strategy, major investment decisions, technological development directions, major new product research and development, and innovation plans, reporting to the Board of Directors and being accountable to it.
Chapter 2 Composition
Article 3
The members of the Strategic and Investment Committee consist of five to seven directors, including one independent director.
Article 4
The Strategic and Investment Committee is nominated by the chairman, more than half of the independent directors, or one-third of all directors, and elected by the Board of Directors.
Article 5
The Strategic and Investment Committee has one chairperson, who is the chairman of the company.
Article 6
The term of the Strategic and Investment Committee is consistent with that of the Board of Directors. Members may be re-elected upon the expiration of their term. If a member no longer holds a director position in the company during their term, they automatically lose their membership, and the committee will supplement the number of members according to Articles 3 to 5 above.
Article 7
The daily work organization of the Strategic and Investment Committee is located in the Board of Directors' office, responsible for work liaison, meeting organization, and document management. The company's strategic management department, investment management department, and technology management department serve as the business support departments for the Strategic and Investment Committee, responsible for preparing materials for proposals within the committee's agenda and implementing resolutions.