Shandong Delisi Food Co., Ltd. Cumulative Voting System Implementation Rules
Article 1 To further improve the company's corporate governance structure, standardize the election of directors, and ensure shareholders fully exercise their rights, in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Information Disclosure Management Measures for Listed Companies," the "Guidelines for Corporate Governance of Listed Companies," and other laws and regulations, as well as the "Articles of Association of Shandong Delisi Food Co., Ltd." (hereinafter referred to as the "Articles of Association"), these rules are hereby formulated.
Article 2 The cumulative voting system referred to in these rules means that when the shareholders' meeting elects directors, each share has a number of voting rights equal to the number of directors to be elected, and shareholders can use their voting rights in a concentrated manner.
Article 3 When the shareholders' meeting votes on the election of directors, if the number of directors to be elected is more than one, the cumulative voting system shall be implemented.
Article 4 The cumulative voting system shall not apply when the shareholders' meeting elects only one director.
Article 5 Directors representing employees shall be elected or replaced through the company's employee representative assembly, general meeting of employees, or other forms of democratic election, and the relevant provisions of these implementation rules shall not apply.