The company strictly follows the Company Law, Securities Law, Governance Guidelines for Listed Companies, Shanghai Stock Exchange Stock Listing Rules, Articles of Association and other relevant laws, regulations and internal policies and regulations, delivers on the vision of innovative, harmonized, green, open and shared development concept, promotes entrepreneurship and actively fulfill social responsibilities. Through the establishment, improvement, and strict implementation of company policies, it aims to enhance the internal control, standardize the function of “governance bodies”, strengthen internal and external supervision and counterweight to improve compliance. The company is committed to protecting the legal rights of shareholders in a fair and equal way, and respecting for the interests of all other stakeholders.
- Shareholders Meeting
- Shareholders meeting is the highest decision-making body of the company. The company convenes and holds shareholders meeting in strict accordance with the provision and requirements of the Articles of Association and Rules of Procedure for the Company's Shareholders' Meeting. The company is committed to ensure all shareholders, especially minority shareholders, have the same rights and can fully exercise their voting rights.
- Board of Directors
- Board of Directors is the operating and decision-making body of the company, reporting to shareholders meeting. The Board of Directors is composed of 12 directors, including 7 non-independent directors and 5 independent directors. The Board has a proper matrix structure and is well equipped with knowledge, skills, and qualities to perform its duties. In 2022, there are 3 independent directors nominated, of which, two are academicians and one is senior professor. They bring to the board their strong expertise and experiences in the relevant industries. The Board of Directors operates in strict accordance with the provisions and requirements of the Articles of Association and Rules of Procedures for the Board of Director. With good compliance and efficiency, it enables the Board to make scientific and professional decisions for the company on major business such as development strategy, complied operation, business management, risk controls, etc.
- Strategy and Sustainable Development Committee
- The Strategy and Sustainable Development Committee of the Board of Directors is a specialized working body under the Board of Directors and reports to the Board of Directors. The main responsibilities of this committee are developing the company’s medium and long-term development strategy, making decisions for major investments, researching on sustainable development policies, supervising the development and implementation of the company's ESG goals, researching and making recommendations on other major issues that have impact on the company's development.
- Audit Committee
- The Audit Committee of the board of directors is a special committee under the Board of Directors. The main responsibilities of this committee are communications of internal and external audit, communications of internal control and risk management, supervision, and verification of relevant work.
- Nomination Committee
- The Nomination Committee of the Board of Directors is a special committee under the Board of Directors. The main responsibilities of this committee are screening and reviewing qualified directors and senior management candidates and providing relevant suggestions.
- Remuneration and Assessment Committee
- The Remuneration and Assessment Committee of the Board of Directors is a special committee under the Board of Directors. The main responsibilities of this committee are researching the assessment standards for directors and management, conducting assessments and providing suggestions; researching and reviewing the remuneration policies and plans for directors and management.
- Board of Supervisors
- The Board of Supervisors is the supervisory body of the Company, the number of employee representative Supervisors shall not be less than one third of the total Supervisors. The Board of Supervisors, with the authority granted by the Articles of Association, performs its duties conscientiously in a responsible manner to the shareholders, supervises and inspects the performance of duties of Directors and senior management and the legality and compliance of the Company's finance, so as to fully safeguard the legitimate rights and interests of the Company and its shareholders.
