Harbin Weidi Electronics Co., Ltd. Announcement of the resolution of the thirteenth meeting of the fourth board of directors

Stock code: 603023 Securities abbreviation: Weidi shares Announcement number: 2020-064

The Board of Directors and all Directors of the Company warrant that the contents of this announcement are free from any misrepresentation, misleading statement or material omission and accept sole and several liability for the truthfulness, accuracy and completeness of the contents.

1. The convening of the board of directors meeting

The 13th meeting of the 4th Board of Directors of Harbin Weidi Electronics Co., Ltd. (hereinafter referred to as the "Company") was held on November 27, 2020 in the company's conference room. Notice of this Board meeting was given in writing and by telephone on 17 November 2020. The meeting was convened and presided over by Mr. Chen Zhenhua, the chairman of the board, the meeting should be 7 directors, 7 directors actually attended, and the company's supervisors and senior management attended the meeting as observers. The notice and convening of this meeting conform to the relevant provisions of the Company Law of the People's Republic of China, the Articles of Association of the Company, the Rules of Procedure of the Board of Directors and other relevant provisions, and the resolutions of the meeting are legal and valid.

2. Deliberations of the board of directors meeting

After deliberation and voting by the directors attending the meeting, the following proposals were unanimously passed:

1. Deliberated and passed the "Proposal on the Replacement of Directors"

Received a letter from the company's controlling shareholder, Lishui Jiuyou Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Lishui Jiuyou Fund"), on recommending Liu Gaoshen, Ji Xiaoli and other comrades as directors and independent director candidates of Weidi Shares, in view of the change in the actual control of the company, in order to improve the corporate governance structure and support the development of the company, Lishui Jiuyou Fund intends to nominate Liu Gaoshen, Ji Xiaoli and Liu Xiaolong to serve as directors of the company, and the original directors Bai Zhesong, Cui Jianmin and Yu Qiong will no longer serve as directors of the company. At the same time, the original directors no longer hold the positions of the professional committees of the board of directors.

According to the nomination of the new directors by the company's controlling shareholder, Lishui Jiuyou Fund, liu Gaoshen, Ji Xiaoli and Liu Xiaolong are elected as directors of the company after the approval of the company's nomination committee (see the attachment for details of their resumes), and the term of office is from the date of deliberation and approval of the shareholders' general meeting to the date of expiration of the current board of directors.

(1) Elect Liu Gaoshen as a candidate for the fourth term of the board of directors;

Voting result: 7 votes in favour, 0 against, 0 abstentions, 0 recusals.

(2) Elect Ji Xiaoli as a candidate for the fourth term of the board of directors;

(3) Elect Liu Xiaolong as a candidate for the fourth term of the board of directors;

The proposal is subject to the Company's first Extraordinary General Meeting of Shareholders in 2020 for cumulative voting.

The independent directors of the Company expressed a concurring independent opinion on the matter.

2. Deliberated and passed the "Proposal on the Replacement of Independent Directors"

Received a letter from the company's controlling shareholder, Lishui Jiuyou Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Lishui Jiuyou Fund"), on recommending Liu Gaoshen, Ji Xiaoli and other comrades as directors and independent director candidates of Weidi Shares, in view of the change in the actual control of the company, in order to improve the corporate governance structure and support the development of the company, Lishui Jiuyou Fund intends to nominate Gao Shiyang, Shi Zhanpeng and He Yongda to serve as independent directors of the company, and the original independent directors Liang Wei, Dou Yue and Meng Qinghe will no longer serve as independent directors of the company. At the same time, the original independent directors no longer hold the positions of the professional committees of the board of directors.

According to the nomination of the new independent directors by the company's controlling shareholder, Lishui Jiuyou Fund, gao Shiyang, Shi Zhanpeng and He Yongda are elected as independent directors of the company after the approval of the company's nomination committee (see the attachment for details), and the term of office is from the date of deliberation and approval of the shareholders' general meeting to the date of expiration of the current board of directors.

(1) Elect Gao Shiyang as an independent director candidate for the fourth board of directors;

(2) Elect Shi Zhanpeng as an independent director candidate for the fourth term of the board of directors;

(3) Elect He Yongda as an independent director candidate for the fourth term of the Board of Directors;

The proposal is subject to the Company's first Extraordinary General Meeting of Shareholders in 2020 for cumulative voting. The above independent director candidate qualifications shall be submitted to the shareholders' general meeting for consideration after filing with the Shanghai Stock Exchange without objection, and the company has submitted the relevant materials of the independent director candidates to the Shanghai Stock Exchange.

3. Deliberated and passed the "Proposal on Convening the First Extraordinary General Meeting of Shareholders in 2020"

The Board of Directors of the Company is scheduled to convene the first Extraordinary General Meeting of Shareholders of 2020 in the Company's conference room on Monday, December 14, 2020 to consider the relevant proposals submitted by the Board of Directors and the Supervisory Board.

For details, please refer to the Notice on Convening the First Extraordinary General Meeting of Shareholders in 2020 (Announcement No. 2020-066) published on the website of the Shanghai Stock Exchange (http://www.sse.com.cn).

This is hereby announced.

Harbin Weidi Electronics Co., Ltd. Board of Directors

November 28, 2020

annex:

Curriculum Vitae of Director Candidates:

Liu Gaoshen: Male, 50 years old, graduate student of Marxist philosophy and social development at the Party School of the Provincial Party Committee, member of the Communist Party of China. He has successively served as a section member of the Qingyuan County Soil Management Bureau, the deputy chief and chief of the construction land unit, the organization section member, deputy section chief, section chief and deputy director of the Organization Department of the Qingyuan County Party Committee, the member of the ministerial meeting, the deputy director section member and the organization section chief of the Organization Department of the Qingyuan County Cpc Committee, the deputy secretary of the party committee of the Lingtou Township Government of Qingyuan County, the assistant to the township chief (presiding over the government work), the township chief, the secretary of the party committee of Hedi Town, Qingyuan County, the member of the 12th county party committee of Qingyuan County, the deputy director of the Office of the Qingyuan County Government (at the level of the main section), the secretary of the party committee and director of the Qingyuan County Land and Resources Bureau. Deputy Secretary of the Party Group of qingyuan County Finance (Local Taxation) Bureau, Member of the 13th County Committee of Qingyuan County, Director of Qingyuan County Finance (Local Taxation) Bureau, Deputy Secretary of the Party Group, Secretary of the Party Group and Director of Qingyuan County Finance (Local Taxation) Bureau, Member of the Party Working Committee and Deputy Director of the Management Committee of Lishui Ecological Industry Agglomeration Zone (Lishui Economic and Technological Development Zone), Member of the Party Committee, Director, Vice Chairman of the Party Committee of Lishui Economic and Technological Development Zone Industrial Development Group Co., Ltd. (presiding over the work), legal representative and deputy general manager (presiding over the work), He is currently a member of the Party Committee, director, vice chairman and deputy general manager of Lishui Economic and Technological Development Zone Industrial Development Group Co., Ltd. (presiding over the work).

Ji Xiaoli: Male, 33 years old, master of environmental engineering from Tsinghua University, member of the Communist Party of China. He has successively served as the assistant dean of the environmental engineering branch of Lishui Vocational and Technical College, the chairman and general manager of Lishui Nancheng New Area Investment and Development Co., Ltd., the director of the director and office of The Industrial Development Group Co., Ltd. of Lishui Economic and Technological Development Zone, and the director of the development strategy department. He is currently the director and deputy general manager of Lishui Economic and Technological Development Zone Industrial Development Group Co., Ltd., and the director of Lanzhou Minbai (Group) Co., Ltd.

Liu Xiaolong: Male, 64 years old, bachelor's degree in mechanical and electrical branch of Shanghai Jiao Tong University, member of the Communist Party of China. He has successively served as assistant general manager and general manager of Shanghai Waigaoqiao Free Trade Zone New Development Co., Ltd., deputy general manager and executive deputy general manager of Shanghai Zhangjiang Group, deputy director of the management committee of Zhangjiang Hi-Tech Park, chairman of Shanghai Zhangjiang Hi-Tech Development Co., Ltd., and deputy general manager of Shanghai Chemical Industry Zone Development Co., Ltd. He is currently the Chairman and CHIEF Executive Officer of Shanghai Jiuyou Fund.

Curriculum Vitae of Independent Director Candidates:

Gao Shiyang: Male, born in August 1963, certified tax accountant, senior accountant, currently lishui national tax consultant co., LTD. tax consulting. From August 1983 to October 1984, he was the chief accountant of Lishui Liyun Supply and Marketing Cooperative; from November 1984 to October 1998, he was the chief accountant of Shitang Supply and Marketing Cooperative of Yunhe County; from November 1998 to October 1999, he was the tax consultant of Yunhe First Tax Agent Co., Ltd.; and from November 1999 to the present, he was the tax consultant of Lishui National Tax Consultants Co., Ltd.

Shi Shipeng: Male, born in September 1977, qualified as a lawyer in 1999, and has been practicing at Zhejiang Boxiang Law Firm since January 2001. He is currently a senior partner and director of the management committee of Zhejiang Boxiang Law Firm, a national registered investment project analyst, and has the qualifications of fund practitioners and securities practitioners. Mainly engaged in finance and corporate business, he has served as the legal counsel of Lishui Municipal Financial Office, Industrial and Commercial Bank of China Lishui Branch, Bank of China Lishui City Branch, China Construction Bank Lishui Branch, Lishui Liandu Rural Cooperative Bank, China CITIC Bank Lishui Branch, Chouzhou Bank Lishui Branch, Bank of Communications Lishui Branch, Taotao Group Co., Ltd. and other companies. In June 2011, he was awarded the title of "2010 Excellent Lawyer of Lishui City" by the Lishui Municipal Bureau of Justice and the Lishui Lawyers Association, and in 2013, he was awarded the title of "Outstanding Lawyer with National Achievements in Resolving Social Contradictions and Maintaining Harmony and Stability" by the Ministry of Justice.

He Yongda: Male, born in December 1971, Doctor of Economics, is currently a professor at the Business School of Lishui University, a director of the Zhejiang International Trade Society, the Zhejiang Financial Engineering Society, the Lishui Statistical Society, and the vice president of the Lishui University Liulian Association. He is the leader of young and middle-aged disciplines in Zhejiang Province, the first and second level talents of 138 in Lishui City, and the master tutor of Zhejiang Sci-Tech University. From 1995 to 1996, he studied business English at the New Zealand Capital Language Institute, and from 1997 to 2004, he worked in international trade in a foreign-funded enterprise in Shenzhen, serving as the deputy general manager of the company, and entered Lishui College in 2004. He has published more than 40 papers and 4 monographs in important journals at home and abroad such as Economic Geography, ICIC Express Letters, and International Journal of u- and e-service Science and Technology; presided over 1 national social science fund project, 1 key project of the Ministry of Civil Affairs, the general project of humanities and social science research of the Ministry of Education, the project of the State Nationalities Commission and the national business education and training research" 1 13th Five-Year Plan, 1 Key Soft Science Project of Zhejiang Province, 2 Planning Projects of Philosophy and Social Sciences of Zhejiang Province, Zhejiang Economic Census Office (provincial level), Zhejiang Provincial Agricultural Census Office (provincial level), Zhejiang Provincial Population Census Office (provincial level), Zhejiang Provincial Government R&D Inventory Office (provincial level), Zhejiang Provincial Bureau of Statistics Key Research Project, Zhejiang Provincial Human Resources Security Department, Lishui Science and Technology Bureau, etc.; presided over and participated in lishui municipal development and reform commission, Lishui municipal bureau of commerce, There are more than 30 horizontal service projects such as Zhejiang Tobacco Monopoly Bureau, Jinyun County Party Committee Organization Department, Liandu District Economic and Commercial Bureau, etc.; the research results have won the third prize of excellent achievements of Zhejiang Provincial Department of Education, Zhejiang Provincial Bureau of Statistics, National Population Census Office, and the first prize, second prize (two) and third prize of Lishui Municipal Government Excellent Achievements. Main research areas: modern service industry, service economy and theory, economic statistics application.

Stock code: 603023 Stock abbreviation: Weidi shares Announcement number: 2020-065

Harbin Weidi Electronics Co., Ltd

Announcement of the resolution of the twelfth meeting of the fourth session of the Board of Supervisors

The Supervisory Board and all the Supervisors of the Company warrant that the contents of this announcement are free from any false records, misleading statements or material omissions, and assume individual and joint liability for the truthfulness, accuracy and completeness of the contents.

1. The convening of the meeting of the board of supervisors

The 12th meeting of the 4th Supervisory Board of Harbin Weidi Electronics Co., Ltd. (hereinafter referred to as the "Company") was held on November 27, 2020 in the company's conference room. Notice of the Supervisory Board meeting was given in writing and by telephone on November 17, 2020. The meeting was convened and presided over by Mr. Tian Rui, a supervisor, and the meeting should be attended by 3 supervisors and 3 supervisors. The notice and convening of this meeting conform to the relevant provisions of the Company Law of the People's Republic of China, the Articles of Association of the Company, the Rules of Procedure of the Board of Supervisors and other relevant provisions, and the resolutions of the meeting are legal and valid.

2. Deliberations at the meeting of the board of supervisors

After deliberation and voting by the supervisors attending the meeting, the following proposals were unanimously passed:

1. Deliberated and passed the "Proposal on replacing the Shareholders' Representative Supervisors"

Receiving a letter from the company's controlling shareholder, Lishui Jiuyou Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Lishui Jiuyou Fund"), on recommending Ying Qiao Award and Comrade Liu Ying as candidates for shareholder representative supervisors of the Supervisory Board of Weidi Shares, in view of the change in the actual control of the company, in order to improve the corporate governance structure and support the development of the company, Lishui Jiuyou Fund intends to nominate Ying Qiao Award, Liu Yingzhi to the company as shareholder representative supervisors, and the original shareholder representative supervisors Tian Rui and Qi Libin will no longer serve as shareholder representative supervisors of the company.

According to the nomination of the new shareholder representative supervisor by the company's controlling shareholder, Lishui Jiuyou Fund, Ying Qiao award and Liu Ying are elected as the company's shareholder representative supervisors (see the attachment for details), and the term of office is from the date of deliberation and approval of the shareholders' general meeting to the date of expiration of the current board of supervisors.

(1) Elect Ying Qiao award as a candidate for the supervisor of the fourth board of supervisors;

Voting result: 3 votes in favour, 0 votes against, 0 abstentions, 0 recusal votes.

(2) Elect Liu Ying as a candidate for the supervisory board of the fourth session;

Supervisory Board of Harbin Weidi Electronics Co., Ltd

Curriculum vitae of supervisor candidates:

Ying Qiao Award: Male, Chinese nationality, 33 years old, bachelor's degree, currently deputy director of the office of the group company, executive director of Lishui Green Industry Development Fund Co., Ltd., vice chairman and deputy general manager of Lishui Hi-Tech Financial Investment Holdings Co., Ltd. (chair). From May 2013 to February 2015, he served as the deputy director of the Editorial Department of the News Center of Lishui Economic Development Zone, from February 2015 to January 2018, he was the chief of the Publicity and Information Section (Network Maintenance Center) of the Party and Government Comprehensive Office of Lishui Economic Development Zone, and from January 2018 to December 2019, he was the chief of the Publicity Section of the Office of the Group Company of the Development Zone.

Liu Ying: Female, 45 years old, major in Chinese language and literature at China Central Radio and Television University, university degree. He has successively served as a comprehensive teller of the Longgong Township Agency of the Agricultural Bank of Qingyuan County, a staff member of the Horseshoe Ao Pengqiao Power Station in Qingyuan County, an accountant and operation personnel of the Chenjialing Power Station in Qingyuan County, an accountant and secretary of the Lishui Municipal Committee of the Jiusan Society, a financial accountant, deputy director and deputy director of the Centralized Payment Center of the Finance Bureau of the Lishui Economic Development Zone (presiding over the work), a staff member of the Planning and Finance Department of the Industrial Development Group Co., Ltd. of Lishui Economic and Technological Development Zone, the chief of the Financing Section of the Planning and Finance Department, and the deputy director of the Planning and Finance Department. He is currently the vice minister of Lishui Economic and Technological Development Zone Industrial Development Group Co., Ltd. (presiding over the work), the supervisor of Lishui Green Industry Development Fund Co., Ltd., the supervisor of Lishui Nancheng Construction Co., Ltd., the supervisor of Lishui Nancheng New Area Investment and Development Co., Ltd., the supervisor of Ningbo Xinrun Yuanfa Construction Co., Ltd., the supervisor of Lishui Nancheng Xinrun Development and Construction Co., Ltd., and the supervisor of Lishui Development Zone Urban Construction Investment Co., Ltd.

Stock code: 603023 Stock abbreviation: Weidi shares Announcement number: 2020-066

Notice of the Convening of the First Extraordinary General Meeting of Shareholders in 2020

Important Content Tips:

● Date of the General Meeting of Shareholders: December 14, 2020

● The online voting system adopted by the shareholders' meeting: the online voting system of the shareholders' meeting of the Shanghai Stock Exchange

First, the basic situation of convening a meeting

(1) Types and sessions of the general meeting of shareholders

First Extraordinary General Meeting of Shareholders in 2020

(2) Convener of the General Meeting of Shareholders: Board of Directors

(3) Voting method: The voting method adopted at this shareholders' meeting is a combination of on-site voting and online voting

(iv) The date, time and place of the on-site meeting

Venue: Harbin Economic Development Zone Haping Road Concentration Area Haping West Road No. 11, Harbin Weidi Electronics Co., Ltd. conference room.

(v) The system, start and end dates and voting times for online voting.

Online voting system: Online voting system for shareholders' meetings of Shanghai Stock Exchange

Until December 14, 2020

Using the online voting system of the Shanghai Stock Exchange, the voting time through the voting platform of the trading system is the trading time of the day of the shareholders' meeting, that is, 9:15-9:25, 9:30-11:30, 13:00-15:00; the voting time through the Internet voting platform is 9:15-15:00 on the day of the shareholders' meeting.

(6) Voting procedures for margin, transfer financing, agreed repurchase business accounts and SSE-Connect investors

Voting involving margin lending, transfer financing business, accounts related to the agreed repurchase business and investors of SSE-Stock Connect shall be carried out in accordance with the relevant provisions of the Detailed Rules for the Implementation of Online Voting at Shareholders' Meetings of Listed Companies on the Shanghai Stock Exchange and other relevant provisions.

(7) Involving the public solicitation of shareholders' voting rights

not

Matters to be considered by the Conference

The general meeting of shareholders considers the proposals and the types of voting shareholders

1. The time when each proposal has been disclosed and the disclosure media

The above proposals have been deliberated and approved by the 13th meeting of the 4th Board of Directors and the 12th meeting of the 4th Supervisory Board of the Company, as detailed in the relevant announcements of the company disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn), China Securities News, Shanghai Securities News, Securities Times and Securities Daily on November 28, 2020.

2. Special Resolutions: 1

3. Proposals for the separate vote count of small and medium-sized investors: 2, 3, 4

4. Proposals involving the recusal of related shareholders from voting: None

Name of affiliated shareholder who should recuse himself from voting: None

5. Proposals involving preferred shareholders participating in voting: None

III. Notes on Voting at Shareholders' Meetings

(1) If the shareholders of the Company exercise their voting rights through the online voting system of the shareholders' general meeting of the Shanghai Stock Exchange, they can either log on to the voting platform of the trading system (through the trading terminal of the securities company designated for trading) to vote, or log on to the Internet voting platform (website: vote.sseinfo.com) to vote. For the first time to log on to the Internet voting platform to vote, investors need to complete shareholder identity verification. For specific operations, please refer to the Internet voting platform website instructions.

(2) Shareholders exercise their voting rights through the online voting system of the general meeting of shareholders of the Shanghai Stock Exchange, and if they have multiple shareholder accounts, they can use any shareholder account holding the company's shares to participate in the online voting. After voting, it is deemed that all of its shareholders' accounts have voted on the same opinion of the same class of common stock or the same variety of preferred shares.

(3) If a shareholder votes more than the number of votes he or she has, or if he or she votes in a margin election that exceeds the number of persons entitled to vote, his or her vote in the motion shall be deemed invalid.

(4) Where the same voting right is repeatedly voted through the site, the firm's online voting platform or other means, the result of the first vote shall prevail.

(5) Shareholders shall vote on all proposals before submitting them.

(6) The voting method for the election of directors, independent directors and supervisors using the cumulative voting system is detailed in Appendix 2

4. Participants in the meeting

(1) Shareholders of the Company registered with the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. after the close of the market on the share registration date have the right to attend the general meeting of shareholders (for details, see the table below), and may appoint a proxy in writing to attend the meeting and participate in voting. The agent does not have to be a shareholder of the company.

(2) Directors, supervisors and senior management of the Company.

(3) Lawyers engaged by the company.

(iv) Other personnel

5. Methods of registration for meetings

1. Shareholders (including shareholders' agents) attending the meeting need to provide the following documents when registering or checking in:

(1) Legal person shareholders: Legal person shareholders shall be attended by the legal representative or an agent entrusted by the legal representative. Where the legal representative attends the meeting, he shall present his/her identity card and a valid proof that he or she has the qualifications of the legal representative; if the agent is entrusted to attend the meeting, the agent shall present his or her identity card and the written power of attorney issued by the legal representative of the legal person shareholder unit in accordance with the law (see Annex 1 for details).

(2) Individual shareholders: Individual shareholders who attend the meeting in person shall present their identity cards or other valid documents or certificates that can indicate their identity; if the agent is entrusted to attend the meeting, the agent shall also present his or her valid identity documents and the shareholder power of attorney (see Annex I for details).

(3) Margin investors attending the meeting shall hold the business license of the securities company concerned with the margin, the securities account certificate and the power of attorney issued to the investor; if the investor is an individual, he shall also hold his identity card or other valid certificate that can indicate his identity, and if the investor is the unit, he shall also hold the business license of the unit, the identity card of the participant, and the power of attorney issued by the legal representative of the unit (see Annex 1 for details).

3. Registration location: Office of the Company's Securities Affairs Department (No. 11, Haping West Road, Haping Road Concentration Area, Harbin Economic Development Zone)

4. Shareholders can register by fax or letter (a copy of the relevant documents is required), the fax or letter is subject to the company's receipt within the registration time, and please indicate the contact telephone number on the fax or letter.

6. Other matters

1. The on-site meeting period is half a day, and the cost of food, accommodation and transportation is at your own expense.

2. Please bring valid identification certificates, Shanghai Stock Exchange shareholder account cards and relevant authorization materials to the on-site meeting in order to check the admission.

3. Contact address and telephone number

Contact address: Harbin Economic Development Zone Haping Road Concentration Area Haping West Road No. 11.

Contact: Securities Affairs Department of Harbin Weidi Electronics Co., Ltd

Tel:[phone] Fax:[phone]

Annex 1: Power of Attorney

Appendix 2: Explanation of voting methods for the election of directors, independent directors and supervisors using a cumulative voting system

Filing documents

Resolution of the Board of Directors proposing to convene the General Meeting of Shareholders

Power of Attorney

Harbin Weidi Electronics Co., Ltd.:

Mr. (Ms.) is hereby entrusted to represent the unit (or himself) to attend the first Extraordinary General Meeting of Shareholders of your Company in 2020 held on December 14, 2020 and to exercise the voting rights on his behalf.

Number of ordinary shares held by the principal:

Number of Preferred Shares Held by the Principal:

Principal Shareholder Account Number:

Principal Signature (Seal): Trustee Signature:

Principal ID Number: Trustee ID Number:

Commission Date: Year Month Day

remark:

The settlor shall choose one of the "agree", "oppose" or "abstain" intentions in the power of attorney and play "√", and the trustee shall have the right to vote according to his own wishes if the principal does not give specific instructions in this power of attorney.

Appendix 2 explains the voting methods for the election of directors, independent directors and supervisors using a cumulative voting system

1. The election of candidates for directors, independent directors and board of supervisors at the shareholders' general meeting shall be numbered as proposal groups. Investors should vote for each candidate under each proposal group.

2. The number of declared shares represents the number of votes cast. For each proposal group, for each share held by a shareholder, a shareholder has a total number of votes equal to the number of directors or supervisors to be elected under the proposal group. If a shareholder holds 100 shares of the listed company, and there are 10 directors and 12 director candidates for the general meeting of shareholders, the shareholder has 1,000 votes for the board of directors election proposal group.

3. Shareholders shall vote up to the number of votes cast in each proposal group. Shareholders vote according to their own wishes, either by concentrating the number of votes on a single candidate or by voting for different candidates in any combination. After the voting is completed, the number of votes accumulated for each motion is calculated separately.

IV. Examples:

A listed company held a general meeting of shareholders to adopt the cumulative voting system to re-elect the board of directors and the board of supervisors, and 5 directors and 6 directors candidates should be elected; 2 independent directors and 3 independent director candidates should be elected; 2 supervisors should be elected and 3 supervisor candidates should be elected. The following matters need to be voted on:

An investor who holds 100 shares of the company at the close of the share record date and uses the cumulative voting system has 500 votes in proposal 4.00 "Proposal on the election of directors", 200 votes in proposal 5.00 "Proposal on the election of independent directors", and 200 votes in proposal 6.00 "Proposal on the election of supervisors".

The investor may vote on Motion 4.00 as he wishes, up to a maximum of 500 votes. He or she can either cast 500 votes in a concentrated manner for a single candidate or spread out to any candidate in any combination.