The Company elects directors in strict accordance with the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange, the Management Measures for Independent Directors of Listed Companies, the Articles of Association, and the Rules of Procedure for the Board of Directors. The number and composition of the Board of Directors comply with the requirements of relevant laws and regulations. The Company’s Board of Directors consists of four specialized committees: the Strategy and ESG Committee, the Compensation and Appraisal Committee, the Nomination Committee, and the Audit Committee. All members of these committees are current directors. Each specialized committee exercises its powers in accordance with the Articles of Association and the rules of procedure for each committee, providing professional advice and reference for the scientific decision-making of the Board of Directors.

The Board of Supervisors elects supervisors in strict accordance with the Articles of Association, the Rules of Procedure for the Board of Supervisors and other relevant regulations. The number and composition of the Board of Supervisors comply with the legal and regulatory requirements. The Board of Supervisors performs its supervisory functions over the Board of Directors and the Company’s management, including reviewing the periodic reports prepared by the Board of Directors, providing written review opinions, examining the Company’s finances, and supervising related-party transactions, as well as the performance of duties by directors and senior management.

Board Diversity

The Company is committed to promoting board diversity, taking into account the Company’s development needs. When selecting directors, the Company fully considers various factors such as gender, age, expertise, educational level, and educational background to maintain a balanced approach. The Company’s directors specialize in areas including business management, financial accounting, and industry experience. On the basis of their respective professional fields, the directors provide rational and scientific opinions and suggestions to support the business decisions and ensure standardized operations of the Company.