Investor Relations & Media
The Company strictly complies with the requirements of relevant laws, regulations and internal rules including the Company Law, the Securities Law, the Code of Corporate Governance for Listed Companies, the Shanghai Stock Exchange Listing Rules, the Listing Rules of The Stock Exchange of Hong Kong Limited and the Articles of Association of the Company. It establishes, improves and rigorously enforces various systems, strengthens internal control development, enhances internal and external supervision and checks and balances, and promotes standardized operation. The Company safeguards the legitimate and equal rights of shareholders, respects the fundamental interests of stakeholders, implements the development philosophy of innovation, coordination, green development, openness and sharing, and actively fulfils social responsibilities.
The General Meeting of Shareholders is the highest authority of the Company. The Company convenes and holds shareholders’ meetings in strict accordance with the provisions and requirements of the Articles of Association and the Rules of Procedure for Shareholders’ Meetings. All shareholders of the Company, in particular minority shareholders, are entitled to equal rights and may fully exercise their voting rights.
The Board of Directors is the operational decision-making body of the Company and is accountable to the Shareholders’ Meeting. The Board consists of 10 directors, including 6 non-independent directors and 4 independent directors. The directors possess a well-balanced mix of expertise as well as the knowledge, skills and competencies required to perform their duties, bringing robust professional capabilities to the Board. Operating in strict compliance with the Articles of Association and the Rules of Procedure for the Board of Directors, the Board functions in a standardized and efficient manner, making scientific and professional decisions on material matters including corporate development strategy, standardized operation, business management, risk management and internal control.
The Strategy and Sustainability Committee is a specialized body established under the Board of Directors. It is accountable to the Board and reports its work to the Board. It is mainly responsible for studying and putting forward proposals on the Company’s medium and long-term development strategies, major investment decisions and sustainability policies.
The Audit Committee is a specialized body established under the Board of Directors. It is mainly responsible for reviewing the Company’s financial information and its disclosure, examining the implementation and effectiveness of risk management systems, and supervising and evaluating internal and external audit work as well as internal control. The Audit Committee is accountable to the Board and reports its work to the Board.
The Nomination Committee is a specialized body established under the Board of Directors. It is mainly responsible for formulating the selection criteria and procedures for directors and senior management, screening and reviewing candidates for directors and senior management as well as their qualifications, and making recommendations to the Board on the following matters:
(1) Nomination, appointment or removal of directors;
(2) Appointment or dismissal of senior management;
(3) Other matters stipulated by laws, administrative regulations, securities regulatory rules of the places where the Company’s shares are listed and the Articles of Association.
The Remuneration and Evaluation Committee is a specialized body established under the Board of Directors. It is accountable to the Board and reports its work to the Board. It is mainly responsible for formulating evaluation criteria for directors and senior management of the Company and conducting relevant evaluations; formulating and reviewing remuneration policies and schemes including the remuneration determination mechanism, decision-making procedures, payment arrangements and recovery provisions for unpaid remuneration of directors and senior management, and putting forward recommendations to the Board on the following matters:
(1) Remuneration of directors and senior management;
(2) Formulation or amendment of equity incentive plans and employee share ownership plans, as well as satisfaction of conditions for grantees to obtain and exercise equity interests;
(3) Share ownership arrangements of directors and senior management in proposed spin-off subsidiaries;
(4) Other matters stipulated by laws, administrative regulations, securities regulatory rules of the places where the Company’s shares are listed and the Articles of Association.
