Chapter 1 General Principles
Article 1
To standardize the selection of directors and senior management personnel of Mongcao Ecological Environment Group Co., Ltd. (hereinafter referred to as "the Company"), optimize the composition of the board of directors, and improve the corporate governance structure, the Nomination Committee of the Board of Directors is established in accordance with the Company Law of the People's Republic of China, the Guidelines for the Governance of Listed Companies, the Measures for the Administration of Independent Directors of Listed Companies, the Self-Regulatory Guidelines No. 2 for the Operation of GEM Listed Companies by the Shenzhen Stock Exchange, the Articles of Association, and other relevant regulations.
Article 2
The Nomination Committee is a specialized working body established by the board of directors according to the resolutions of the shareholders' meeting, responsible for formulating the selection criteria and procedures for directors and senior management personnel, and for selecting and reviewing candidates for directors and senior management personnel and their qualifications.
Chapter 2 Composition
Article 3
The Nomination Committee consists of three directors, of which two must be independent directors.
Article 4
Committee members are nominated by the chairman, more than half of the independent directors, or more than one-third of the directors, and elected by the board of directors.
Article 5
The committee shall have a chairperson, who must be an independent director, elected by the committee members and approved by the board of directors. If the chairperson is unable to perform their duties, they may designate another member to act on their behalf.
Article 6
The term of the committee members is consistent with that of the board of directors. If a member ceases to be a director, they automatically lose their committee membership, and the board shall supplement the committee according to Articles 3 to 5. Committee members may resign before their term expires by submitting a written resignation report to the board, which shall take effect upon board approval. Until a new member is appointed, the original member shall continue to perform their duties according to these rules.