CREAT Beijing Ke Rui
Implementation Rules for Cumulative Voting System
Chapter 1 General Provisions
Article 1 To further improve the corporate governance structure of Beijing Ke Rui Group Co., Ltd. (hereinafter referred to as the "Company"), standardize the election procedures for the Company's directors, effectively protect the rights of shareholders to elect company directors, and safeguard the interests of minority shareholders, these Implementation Rules are 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," and other relevant laws, regulations, normative documents, and the "Articles of Association of Beijing Ke Rui Group Co., Ltd." (hereinafter referred to as the "Articles of Association"), combined with the Company's actual situation.
Article 2 The cumulative voting system referred to in these Implementation Rules means that when the Company's shareholders' meeting elects two or more directors (excluding employee representative directors), each share has the same number of voting rights as the number of directors to be elected, and shareholders can use their voting rights in a concentrated manner. That is, the number of voting rights held by a shareholder is the product of the number of shares held by the shareholder and the number of directors to be elected. Shareholders can use their voting rights to vote for one candidate director in a concentrated manner, or they can distribute their voting rights to vote for several candidate directors.