Legal basis: Article 111 of the Company Law of People's Republic of China (PRC) stipulates that a meeting of the board of directors can only be held when more than half of the directors are present. Resolutions made by the board of directors must be passed by more than half of all directors. The board of directors decided to implement the one-person-one-vote system.
Article 54 Supervisors may attend board meetings as nonvoting delegates and raise questions or suggestions on matters resolved by the board. The board of supervisors and the supervisors of the company without a board of supervisors may investigate the company's abnormal operation; If necessary, an accounting firm can be hired to assist in the work, and the expenses shall be borne by the company.
Article 55 The board of supervisors shall meet at least once a year, and the supervisor may propose to convene an interim meeting of the board of supervisors. The discussion methods and voting procedures of the board of supervisors shall be stipulated in the company's articles of association unless otherwise stipulated in this Law. The resolution of the board of supervisors shall be adopted by more than half of the supervisors. The board of supervisors shall make minutes of the decisions on the matters discussed, and the supervisors present at the meeting shall sign the minutes.