Chapter 1 General Provisions
Article 1 To promote the standardized operation of Boshen Co., Ltd. (hereinafter referred to as the "Company"), safeguard the overall interests of the Company, and protect the legitimate rights and interests of all shareholders, especially small and medium shareholders, this system is formulated in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Corporate Governance Guidelines for Listed Companies," the "Administrative Measures for Independent Directors of Listed Companies" (hereinafter referred to as the "Independent Director Measures"), and other relevant laws, administrative regulations, normative documents, and the "Articles of Association of Boshen Co., Ltd." (hereinafter referred to as the "Articles of Association").
Article 2 Independent directors are directors who do not hold any other positions in the Company besides director, and who have no direct or indirect interest relationship with the Company or its major shareholders or actual controllers, or other relationships that may affect their independent and objective judgment.
Article 3 Independent directors shall owe loyalty and diligence to the Company and all shareholders. Independent directors shall perform their duties diligently in accordance with laws, administrative regulations, regulations of the China Securities Regulatory Commission, business rules of stock exchanges, and the Articles of Association, participate in decision-making, provide supervision and checks and balances, offer professional advice, safeguard the overall interests of the Company, and protect the legitimate rights and interests of small and medium shareholders.