中文  /  EN

INVESTOR RELATIONS

Jiangsu Shentong: Detailed rules for the authorization of the board of directors to the chairman

  • Categories:Company policy
  • Author:
  • Origin:
  • Time of issue:2012-06-08 14:35
  • Views:

(Summary description)The first article is to standardize the company's operation and management, improve decision-making efficiency, and further clarify the approval authority of the chairman of the board. According to laws and regulations, the "Articles of Association", "Rules of Procedures of the General Meeting of Shareholders", "Rules of Procedures of the Board of Directors" and other relevant system regulations, combined with the actual situation Circumstances, formulate the authorization rules.

Jiangsu Shentong: Detailed rules for the authorization of the board of directors to the chairman

(Summary description)The first article is to standardize the company's operation and management, improve decision-making efficiency, and further clarify the approval authority of the chairman of the board. According to laws and regulations, the "Articles of Association", "Rules of Procedures of the General Meeting of Shareholders", "Rules of Procedures of the Board of Directors" and other relevant system regulations, combined with the actual situation Circumstances, formulate the authorization rules.

  • Categories:Company policy
  • Author:
  • Origin:
  • Time of issue:2012-06-08 14:35
  • Views:
Information

Jiangsu Shentong Valve Co., Ltd.

The authorization rules of the board of directors to the chairman

(Approved by the 14th meeting of the 2nd Board of Directors)

The first article is to standardize the company's operation and management, improve decision-making efficiency, and further clarify the approval authority of the chairman of the board. According to laws and regulations, the "Articles of Association", "Rules of Procedures of the General Meeting of Shareholders", "Rules of Procedures of the Board of Directors" and other relevant system regulations, combined with the actual situation Circumstances, formulate the authorization rules.

Article 2 Subject to laws and regulations, the “Articles of Association,” “Rules of Procedure of the General Meeting of Shareholders”, “Rules of Procedure of the Board of Directors” and other relevant regulations, the board of directors has authority over the chairman of the board in foreign investment, sale, acquisition of assets, and external borrowing. The authorization is as follows:

1. Authorization for medium- and long-term investment and equity transfer of one year or more: The amount of funds used/involved in a single foreign investment or equity transfer or the net book value of physical assets does not exceed 5 of the company's most recent audited consolidated financial statement net assets %, or the cumulative total foreign investment within one year does not exceed 10% of the company’s net assets in the most recent audited consolidated financial statements and does not exceed 8% of the company’s total assets.

2. Authorization for foreign short-term investment (referring to investment in stocks, funds, bonds, futures and other financial products and derivatives thereof, including entrusted wealth management) within one year: The amount of funds used for a single foreign short-term investment does not exceed the company's latest investment 2% of the net assets of the audited consolidated statement, or the total accumulated short-term foreign investment within 12 consecutive months shall not exceed 5% of the net assets of the company's most recent audited consolidated statement and shall not exceed 4% of the company's total assets.

3. Authorization to borrow from banks, credit unions and other financial institutions: The amount of a single loan from banks and other financial institutions does not exceed 5% of the total assets of the most recent audited consolidated statement (or the equivalent foreign currency, according to the previous loan contract. The mid-rate conversion of the foreign exchange borrowed into RMB on a day, the same below), or the cumulative borrowing amount for 12 consecutive months shall not exceed 12% of the total assets in the most recent audited consolidated statement.

4. Authorization of guarantees (including mortgages and pledges): The debt amount of a single external guarantee does not exceed 3% of the net assets of the most recent audited consolidated statement; the total amount of external guarantees of the company and the company's holding subsidiaries shall not exceed the company's most recent period Any guarantee provided within 15% of the net assets in the audited consolidated statement (except guarantees for related parties).

5. Authorization to sell assets: The net book value of a single sale of assets does not exceed 3% of the company's most recent audited consolidated statement of total assets, and the cumulative net book value of assets sold for 12 consecutive months does not exceed the company's most recent audit 10% of the total assets in the consolidated statement.

6. Authorization to acquire assets: The amount of funds used for a single acquisition of assets does not exceed 3% of the company's total assets in the most recent audited consolidated statement, and the amount of funds used for the cumulative acquisition of assets for 12 consecutive months does not exceed the company's most recent 10% of total assets in the audited consolidated statement.

Article 3 The chairman of the board of directors shall perform duties in accordance with the "Articles of Association" and the powers granted by the board of directors. If the matter involved exceeds the scope authorized by it or belongs to laws and regulations, the "Articles of Association," "Rules of Procedure of the General Meeting of Shareholders," "Rules of Procedure of the Board of Directors" and other relevant systems that must be considered and decided by the board of directors and the general meeting of shareholders, the relevant The proposal is submitted to the board of directors and the general meeting of shareholders for deliberation and decision-making.

Article 4 Matters not covered in these detailed rules shall be implemented in accordance with relevant laws and regulations and relevant regulations of the "Articles of Association", "Rules of Procedures of the General Meeting of Shareholders", "Rules of Procedures of the Board of Directors" and other relevant systems. If these rules conflict with the relevant provisions of the aforementioned documents, the relevant provisions of the aforementioned documents shall be implemented.

Article 5 These rules shall be implemented after the board of directors deliberated and approved, and the board of directors is responsible for the interpretation.

 

Jiangsu Shentong Valve Co., Ltd. Board of Directors

July 24, 2011

Scan the QR code to read on your phone

Stock information

News

Support hotline

President's Office: 86-513-83335318

Board of Directors: 86-513-83335899

Human Resources Department: 86-513-83335930

Metallurgical Marketing Office: 86-513-83335938

Office of Nuclear Power: 86-513-83620011

Energy Marketing Department: 86-513-83330958

Support hotline:

86-513-83335899

Add:Nanyang Industrial Park,Qidong,Jiangsu
PC:226232

底部版权

Time of issue:2020-04-24 00:00:00
Copyright © 2020 Jiangsu Shentong Valve Co., Ltd.  - All rights reserved  苏ICP备05041592号   |   Powered by www.300.cn