Independent Director Work System
(May 2021 Revision)
Chapter 1 General Provisions
Article 1 To further strengthen the functions of independent directors, fully leverage their role, and improve the corporate governance structure of KaiRuiDe Holdings Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the relevant regulations issued by the China Securities Regulatory Commission and the "Articles of Association of KaiRuiDe Holdings Co., Ltd." (hereinafter referred to as the "Articles of Association"), the Company appoints independent directors and establishes an independent director work system.
Article 2 Independent directors refer to directors who do not hold any positions in the Company other than director, and who have no relationship with the Company and its major shareholders that may hinder their independent and objective judgment.
The provisions concerning directors in relevant laws, administrative regulations, and the "Articles of Association" apply to independent directors.
Independent directors owe duties of loyalty and diligence to all shareholders. Independent directors shall perform their duties diligently in accordance with the requirements of relevant laws, regulations, and the "Articles of Association," safeguard the overall interests of the Company, and pay particular attention to ensuring that the legitimate rights and interests of small and medium shareholders are not harmed.
Independent directors shall perform their duties independently, free from the influence of the Company's major shareholders, actual controllers, or other entities or individuals with a conflict of interest with the Company. They shall exercise the Company's management and disposal powers independently and shall not transfer their disposal powers to others unless permitted by law or approved by the shareholders' meeting.