Article 1
To further standardize the corporate governance structure of Shanghai Weitai Industrial Automation Co., Ltd. (hereinafter referred to as "the Company") and to fully leverage the role of independent directors in corporate governance, thereby improving the quality of the Company's management, these rules are formulated in accordance with the Company Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, the Measures for the Administration of Independent Directors of Listed Companies, the Listing Rules of the Shenzhen Stock Exchange, the Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standardized Operations of Main Board Listed Companies, the Articles of Association, and other relevant regulations, combined with the actual situation of the Company.
Article 2
A special meeting of independent directors refers to a meeting attended solely by the independent directors of the Company. Independent directors are those who do not hold any position other than director in the Company and have no direct or indirect interests with the Company, its major shareholders, or actual controllers that may affect their independent and objective judgment.
Article 3
Independent directors owe a duty of loyalty and diligence to the Company and all shareholders. They must earnestly perform their duties in accordance with laws, administrative regulations, the provisions of the China Securities Regulatory Commission (hereinafter referred to as "CSRC"), the business rules of the stock exchange, and the Articles of Association, playing a role in decision-making, supervision, and professional consultation within the board, safeguarding the overall interests of the listed company and protecting the legitimate rights and interests of minority shareholders.