Guangzhou Haoyang Electronics Co., Ltd. Management System for Resignation of Directors and Senior Management
Chapter 1 General Provisions
Article 1 To regulate the resignation procedures for directors and senior management of Guangzhou Haoyang Electronics Co., Ltd. (hereinafter referred to as the "Company"), ensure the stability and continuity of the company's governance structure, and protect the legitimate rights and interests of the company and shareholders, in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the "Guidelines for Corporate Governance of Listed Companies," the "Shenzhen Stock Exchange GEM Stock Listing Rules," and other laws, regulations, normative documents, business rules of stock exchanges, and the "Articles of Association of Guangzhou Haoyang Electronics Co., Ltd." (hereinafter referred to as the "Articles of Association"), and in combination with the company's actual situation, this system is formulated.
Article 2 This system applies to situations where the company's directors (including independent directors) and senior management resign due to expiration of term, resignation, dismissal, or other reasons.
Article 3 The management of resignation of the company's directors and senior management shall adhere to the following principles: (1) Principle of Legality and Compliance: Strictly abide by national laws, regulations, regulatory requirements, and the requirements of the "Articles of Association." (2) Principle of Openness and Transparency: Disclose information related to the resignation of directors and senior management in a timely, accurate, and complete manner. (3) Principle of Smooth Transition: Ensure that the resignation of directors and senior management does not affect the stability of the company's normal operating governance structure. (4) Principle of Protecting Shareholder Interests: Protect the legitimate rights and interests of the company and all shareholders.
Chapter 2 Circumstances and Procedures for Resignation
Article 4 The resignation of company directors and senior management includes failure to be re-elected upon expiration of term, voluntary resignation, dismissal, and other circumstances leading to the actual resignation of directors and senior management.
Article 5 A company director may resign before the expiration of their term. The director shall submit a written resignation report to the company, stating the reason for resignation. Unless otherwise provided in this system, the resignation shall take effect on the date the company receives the notice.
Senior management may resign before the expiration of their term. The resignation of senior management shall take effect upon receipt of the resignation report by the Board of Directors. The specific procedures and methods for the resignation of senior management shall be stipulated in the labor contract between them and the company.