The meeting of the board of directors refers to the meeting convened by the board of directors to study and decide on major issues and urgent matters within the scope of the company's responsibilities. It is presided over by the chairman, and relevant departments and personnel may be invited to attend as nonvoting delegates according to the topics. It does not include the situation that some directors get together to discuss related work or the board of directors only forms written resolutions by circulation. The Board of Directors shall exercise the following functions and powers:
1. Call the shareholders' meeting and report the work to the shareholders' meeting;
2. Implement the resolutions of the shareholders' meeting;
3. Decide on the company's business plan and investment plan;
4. Formulate the company's annual financial budget plan and final accounts plan.
Article 46 of the Company Law of People's Republic of China (PRC), the board of directors shall be responsible to the shareholders' meeting and exercise the following powers:
(1) Convene the shareholders' meeting and report the work to the shareholders' meeting;
(2) Implementing the resolutions of the shareholders' meeting.
(3) To decide on the company's business plan and investment plan;
(4) To formulate the company's annual financial budget and final accounts;
(five) to formulate the company's profit distribution plan and loss compensation plan;
(6) To formulate plans for the company to increase or decrease its registered capital and issue corporate bonds;
(seven) to formulate plans for the merger, division, dissolution or change of corporate form of the company;
(VIII) Deciding on the establishment of the company's internal management organization;
(9) To decide on the appointment or dismissal of the company manager and their remuneration, and to decide on the appointment or dismissal of the company's deputy manager and financial officer and their remuneration according to the nomination of the manager;
(X) To formulate the basic management system of the company;
(eleven) other functions and powers stipulated in the articles of association.
Article 47 The meeting of the board of directors shall be convened and presided over by the chairman; If the chairman is unable to perform his duties or fails to perform his duties, it shall be convened and presided over by the vice chairman; If the vice chairman is unable to perform his duties or fails to perform his duties, it shall be convened and presided over by more than half of the directors.
Article 110 The board of directors shall hold meetings at least twice a year and notify all directors and supervisors ten days before each meeting.
Shareholders representing more than one-tenth of the voting rights, more than one-third of the directors or the board of supervisors may propose to convene an interim meeting of the board of directors. The chairman shall convene and preside over the board meeting within ten days after receiving the proposal.
When the board of directors holds an interim meeting, it may separately determine the notification method and time limit for convening the board of directors.