BOE Varitronix Co., Ltd. Regulations for Resignation of Directors and Senior Management
Chapter 1 General Provisions
Article 1 To regulate the corporate governance of BOE Varitronix Co., Ltd. (hereinafter referred to as the "Company"), strengthen the management of resignation for directors and senior management, protect the stability of corporate governance and the legitimate rights and interests of shareholders, in accordance with the "Company Law of the People's Republic of China," the "Guiding Opinions on the Articles of Association of Listed Companies," and the "Articles of Association of BOE Varitronix Co., Ltd." (hereinafter referred to as the "Articles of Association"), and other relevant laws, regulations, and normative documents, and in combination with the Company's actual situation, these Regulations are formulated.
Article 2 These Regulations apply to all directors (including independent directors) and senior management of the Company in cases of term expiration, resignation, dismissal, or other reasons for departure.
Chapter 2 Circumstances and Conditions for Resignation
Article 3 If a director or senior management of the Company falls under any of the following circumstances during their term of office, the Company shall terminate their position in accordance with the law: (1) Lacking civil capacity or having limited civil capacity; (2) Having been sentenced to criminal punishment for corruption, bribery, embezzlement of property, misappropriation of property, or disruption of the socialist market economic order, or having been deprived of political rights for a crime, and within 5 years of the completion of the sentence, or within 2 years of the probation period expiring; (3) Having served as a director or manager of a company or enterprise undergoing bankruptcy liquidation and bearing personal responsibility for the bankruptcy of that company or enterprise, and within 3 years of the completion of the bankruptcy liquidation; (4) Having served as the legal representative of a company or enterprise whose business license has been revoked or ordered to close due to illegal activities and bearing personal responsibility, and within 3 years of the business license being revoked or the company being ordered to close; (5) Having a large amount of outstanding debt due and listed as a dishonest judgment debtor by the People's Court; (6) Having been subject to market entry restrictions by the China Securities Regulatory Commission, and the restriction period has not yet expired; (7) Having been publicly identified by a stock exchange as unsuitable to serve as a director or senior management of a listed company, and the restriction period has not yet expired; (8) Other circumstances stipulated by laws, regulations, and normative documents.
If a director or senior management of the Company falls under any of the circumstances in this Article during their term of office, the Company shall terminate their position and suspend their duties.