Management System for Resignation of Directors and Senior Management
Chapter 1 General Provisions
Article 1 To standardize the resignation procedures for directors and senior management, ensure the continuity and stability of the company's governance structure, and protect the legitimate rights and interests of the company and all shareholders, this system is formulated in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Stock Listing Rules of the Shenzhen Stock Exchange," and other relevant laws, administrative regulations, departmental rules, and the company's articles of association, taking into account the company's actual situation.
Article 2 This system applies to all directors and senior management personnel of the company in cases of resignation, departure upon completion of term, dismissal, termination of employment, or other circumstances leading to their departure.
Chapter 2 Resignation Circumstances and Effective Conditions
Article 3 Directors and senior management of the company may resign before the expiration of their term. Directors and senior management shall submit a written resignation report stating the reason for resignation. Except for the circumstances described in the second paragraph of this article, a director's resignation shall take effect from the date the company receives the notice. A senior management member's resignation shall take effect from the date the board of directors receives the resignation report. The specific procedures and methods for resignation of directors and senior management, other than those stated above, shall be stipulated in their employment contracts with the company.