Article 1 Purpose
The purpose of these rules is to further standardize the procedures and voting methods of the Supervisory Board of Kaeride Holdings Co., Ltd. (hereinafter referred to as "the Company"), to promote effective supervision by the supervisors and the Supervisory Board, and to improve the corporate governance structure of the Company. These rules are formulated in accordance with the requirements of the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Code of Corporate Governance for Listed Companies, the Listing Rules of the Shenzhen Stock Exchange, the Guidelines for the Standardized Operation of Listed Companies on the Shenzhen Stock Exchange, and the relevant provisions of the Articles of Association of Kaeride Holdings Co., Ltd.
Article 2 Powers of the Supervisory Board
The Supervisory Board of the Company consists of three supervisors, including one chair. The chair of the Supervisory Board is elected by a majority of the supervisors. The chair convenes and presides over the meetings of the Supervisory Board; if the chair is unable to perform their duties, a supervisor elected by a majority of the other supervisors will convene and preside over the meeting. The Supervisory Board should include representatives of shareholders and an appropriate proportion of employee representatives, with employee representatives accounting for no less than one-third. Employee representatives are democratically elected by the employees through the employee representative assembly or other forms. The daily affairs of the Supervisory Board are handled by the Securities Department. The chair may request assistance from the company's securities representatives or other personnel in handling daily affairs. The Supervisory Board exercises the following powers:
- Review the periodic reports prepared by the Board of Directors and provide written review opinions;
- Inspect the company's finances;
- Supervise the actions of directors and senior management in performing their duties, and propose the dismissal of those who violate laws, regulations, the Articles of Association, or resolutions of the shareholders' meeting;
- Request directors and senior management to correct actions that harm the company's interests;
- Propose the convening of an extraordinary shareholders' meeting and convene and preside over the meeting if the Board of Directors fails to fulfill its responsibilities under the Company Law;
- Submit proposals to the shareholders' meeting;
- Initiate lawsuits against directors and senior management in accordance with Article 151 of the Company Law;
- Investigate if abnormal operating conditions are discovered, and if necessary, hire professional institutions such as accounting firms or law firms to assist, with costs borne by the company;
- Provide suggestions and opinions on the profit distribution plan and adjustments to the profit distribution policy proposed by the Board of Directors.