Boshen Co., Ltd.
Cumulative Voting System Implementation Rules
(May 2026 Revision)
Article 1 To further improve the corporate governance structure of Boshen Co., Ltd. (hereinafter referred to as the "Company" or "this Company"), protect the interests of small and medium shareholders, and standardize the Company's director election process, these Implementation Rules are formulated in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Corporate Governance Guidelines for Listed Companies," the "Articles of Association," and other relevant regulations, taking into account the Company's specific situation.
Article 2 The cumulative voting system as referred to in these Implementation Rules means that when the shareholders' meeting elects two or more directors, each shareholder attending the shareholders' meeting (hereinafter referred to as "Attending Shareholder") shall have voting rights equal to the number of directors to be elected for each share held. The total number of voting rights held by a shareholder shall be the product of the number of shares held and the number of directors to be elected. Attending Shareholders may, according to their wishes, concentrate all their voting rights on one or more director candidates, or distribute all their voting rights among various director candidates. This is a voting system.
Article 3 Directors as referred to in these Implementation Rules include independent directors and non-independent directors.