Autoliv Automotive Technology Co., Ltd.
Work Rules for the Board of Directors' Strategy and Sustainable Development Committee
Chapter 1 General Provisions
Article 1 To adapt to the strategic development needs of Autoliv Automotive Technology Co., Ltd. (hereinafter referred to as the Company), enhance the Company's core competitiveness, determine the Company's development plan, improve investment decision-making procedures, strengthen decision-making scientificity, improve the effectiveness and quality of major investment decisions, improve the Company's governance structure, and enhance the Company's environmental, social, and governance (hereinafter referred to as ESG) management level, 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," the "Administrative Measures for Independent Directors of Listed Companies" (hereinafter referred to as the "Independent Director Measures"), the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Norms for Operation of GEM Listed Companies," and the "Articles of Association of Autoliv Automotive Technology Co., Ltd." (hereinafter referred to as the "Articles of Association") and other relevant regulations, the Company's Board of Directors has established the Strategy and Sustainable Development Committee, and formulated these Work Rules.
Article 2 The Strategy and Sustainable Development Committee is a specialized working body established by the Company's Board of Directors, primarily responsible for researching and proposing suggestions on the Company's long-term development strategies, major investments, and sustainable development, reporting to the Board of Directors, and being accountable to the Board of Directors.
Article 3 The General Office of the Board of Directors of the Company shall serve as the daily operational body of the Strategy and Sustainable Development Committee, responsible for daily work liaison, meeting organization, and all preparatory work before the Strategy and Sustainable Development Committee makes decisions.
Chapter 2 Personnel Composition
Article 4 The Strategy and Sustainable Development Committee shall be composed of five members, who shall be directors, including at least one independent director.
Article 5 The members of the Strategy and Sustainable Development Committee shall be nominated by the Chairman, more than one-half of the independent directors, or more than one-third of all directors, and elected by the Board of Directors.
Article 6 The term of office of the members of the Strategy and Sustainable Development Committee shall be the same as that of the Board of Directors. Members may be re-elected upon the expiration of their term. Unless there are circumstances that prohibit them from holding office as stipulated in the "Company Law," the "Articles of Association," or these Work Rules, members shall not be removed from office without cause before the expiration of their term.
Article 7 If a member of the Strategy and Sustainable Development Committee ceases to be a director of the Company during their term of office, they shall automatically lose their qualification as a committee member.