Sustainable development
Board Member Diversity Policy
Release time:
2024-08-30
(August 30, 2024)
Article 1 Purpose
LIZHU MEDICINE GROUP CO., LTD. (hereinafter referred to as"the Company") believes that the diversity of the members of the Board of Directors (hereinafter referred to as "the Board") greatly benefits the performance of the Company. The Board's diversity policy (hereinafter referred to as "this policy") aims to outline the guidelines adopted by the Board to achieve member diversity.
Article 2 Scope of Application
This policy applies only to the Board.
Article 3 Policy Statement
The Company believes that the diversity of the Board members is one of the important elements in maintaining the Company's competitive advantage and promoting its sustainable development. When setting the composition of the Board members, the Company will consider diversity from multiple aspects, including but not limited to gender, age, cultural and educational background, professional experience, skills and knowledge, race and ethnicity, region, nationality, term of service, and any other factors that the Board deems relevant and applicable from time to time. On this basis, decisions will be made based on the comprehensive value of candidates to the Company's business and development, the contributions they can provide to the Board, and their alignment with the Board's succession planning and development,andto ensure the diversity of the Company's Board members and other objective conditions.
The Company's Nomination Committee (hereinafter referred to as"the Nomination Committee") reviews the structure, number, and composition of the Board and makes recommendations or suggestions to the Board regarding the appointment of new directors. The aforementioned review and recommendations or suggestions fully take into account the benefits of diversity among Board members.
Article 4 Measurable Objectives
The selection of candidates for the Board will consider the benefits of diversity among Board members and the needs of the Board, based on a range of diversity categories, including but not limited to gender, age, cultural and educational background, professional experience, skills and knowledge, race and ethnicity, region, nationality, and term of service. The Company aims to ensure an appropriate balance of male and female members on the Board, ensuring that there is at least1 female director, to achieve gender diversity among Board members.
Article 5 Reviewand Monitoring
The Nomination Committee will conduct at leastonce a yeara review and evaluation of this policy and the composition of the Board members in terms of diversity, to ensure the effectiveness of this policy. The Nomination Committee will discuss andrevisethis policy as necessary.
Article 6 Disclosure of this Policy This policy is published on the Company's website for public access. A summary of this policy and the measurable objectives set by the Company for implementing this policy, along with the progress towards achieving those objectives, will be disclosed annually in the Company's Corporate Governance Report.