The shareholders’meeting is composed of all shareholders, which is the organ of authority of the Company and shall exercise its functions and powers in accordance with the law. The shareholders’ meeting shall exercise the following functions and powers:
(1) electing and replacing directors who are not employee representatives and deciding on matters concerning their remuneration;
(2) examining and approving work report of the board of directors;
(3) examining and approving the Company’s annual financial budget and final account proposals;
(4) examining and approving the Company’s plans for profit distribution and loss recovery plan;
(5) adopting resolutions concerning the increase or reduction of the Company’s registered capital;
(6)adopting resolutions on merger, division, dissolution, liquidation or change of corporate form of the Company;
(7)adopting resolutions on the annual plans for issuance of corporate bonds;
(8) adopting resolutions on the engagement, dismissal or non-reappointment of accounting firms that conduct regular statutory audits of the Company’s financial reports, as well as determining their remuneration;
(9) amending the Articles of Association, and considering and approving the Rules and Procedures for Shareholders’ Meetings and Rules and Procedures for the board of directors;
(10) examining the material equity investment, bond investment, asset acquisition, asset disposal, asset write-off, external guarantee and other trading matters that shall be approved by the shareholders’ meeting as stipulated by laws, regulations and the listing rules of the place where the shares of the Company are listed;
(11) examining and approving the equity incentive scheme;
(12) adopting resolutions on acquisition of the shares of the Company in accordance with laws and regulations;
(13) adopting resolutions on the listing of the Company;
(14) examining the proposals raised by the shareholders who individually or jointly hold 1% or more of the shares of the Company; and
(15) other issues that shall be approved by the shareholders’ meeting as stipulated by laws, administrative regulations, departmental rules, the listing rules of the place where the shares of the Company are listed and regulatory requirements as well as the Articles of Association.
