300089SZSE

Rules of Procedure for the Supervisory Board of Guangdong Cultural Great Wall Group Co., Ltd. [Proposed Revision on July 5, 2023]

Cultural Retreat Co., Ltd.··3 pages

✨ AI Summary

The announcement outlines the proposed rules of procedure for the Supervisory Board of Guangdong Cultural Great Wall Group Co., Ltd. The rules aim to enhance the efficiency and standardization of the Supervisory Board's operations. Key provisions include the composition of the board, meeting protocols, and decision-making processes. The rules will be submitted for approval at the upcoming shareholders' meeting.

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Full Translation

AI Translation· azure_openai

Chapter One: General Principles

Article 1

To ensure the efficiency of the Supervisory Board's work and the standardization of its proceedings, and to better exercise its powers, fulfill its supervisory and safeguarding functions, and protect the legitimate rights and interests of investors, these rules are formulated in accordance with the Company Law of the People's Republic of China and the Articles of Association of Guangdong Cultural Great Wall Group Co., Ltd.

Chapter Two: Composition and Powers of the Supervisory Board

Article 2

The company shall establish a Supervisory Board. The Supervisory Board shall consist of 5 supervisors; it must include representatives of shareholders and employee representatives, with the proportion of employee representatives not less than one-third. Each supervisor's term is three years, and they may be re-elected. The Supervisory Board shall have a chairperson responsible for convening and presiding over meetings. If the chairperson is unable to perform their duties, a supervisor shall be elected by a majority of the supervisors to exercise the chairperson's powers.

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