Chapter 109 Nine Measures to Build a "New Shareholder Culture" on May 29

Since 2008, Vantone Real Estate has vigorously carried out activities to build a "new shareholder culture". The specific measures are as follows: Article 1 Implement the three-level "Investor Online Reception Day" system of weekly reception by the secretary of the board, monthly reception by the general manager and quarterly reception by the chairman. Questions from investors, listen to investors' suggestions on the company's development, and broaden the company's standardized and institutionalized communication channels for all shareholders; Article 2 Regularly publish the company's product sales and project progress reports, and disclose the company's quarterly, semi-annual and annual reports at the first time, to enhance the timeliness, accuracy, fairness and completeness of the company's information disclosure, and further improve the company's transparency ;

Article 3 Carry out at least three times a year to invite small and medium-sized investors to visit the company and take the initiative to visit small and medium-sized investors, creating opportunities for small and medium-sized investors to interact and communicate face-to-face with company executives; Article 4 Reform the current method of nominating independent directors by major shareholders, invite qualified small and medium-sized investors to nominate candidates for independent directors of the company in accordance with laws and regulations, give full play to the independent role and professional level of independent directors, and better represent and maintain rights and interests of small and medium investors;

Article 5 Invite relevant experts in the industry to participate in the demonstration of investment projects, give full play to the professional knowledge and experience of third-party experts, improve the scientific nature of the company's investment decisions, and effectively prevent investment risks; Article 6 Hire a professional institution as the company's management consultant, formulate a long-term strategy to enhance the company's shareholder value, and improve the compliance, scientificity and effectiveness of the company's management; Article 7 To explore and formulate a diversified incentive model for the management team, to maximize the sense of ownership of the managers, and to maximize shareholder value;

Article 8 Trial implementation of the system of publicly soliciting the opinions of small and medium-sized investors in advance of the distribution plan, to better protect the rights and interests of small and medium-sized investors of the company, and further improve the recognition of small and medium-sized investors for the long-term investment value of the company; Article 9 Create a learning, innovative and harmonious investor relationship management mechanism. The board of directors shall set up an investor relationship management committee to conscientiously summarize and learn from the beneficial experience of investor relationship management in listed companies at home and abroad, and propose and organize the implementation of companies to strengthen investment Suggestions on investor relationship management, exploring the establishment of investor relations and new shareholder culture in line with China's national conditions, and consciously safeguarding the rights and interests of all shareholders, especially small and medium investors.

Building a "new shareholder culture" was a major event for Vantone Real Estate in 2008, and it was also an event that preceded the development of the industry.When Vantone announced the nine measures to build a "new shareholder culture", it was at a stage when the shareholder culture atmosphere of domestic enterprises was not very good.In the past few years, there have been frequent negative reports among shareholders in the domestic industrial and commercial circles: major shareholders treat listed companies as cash machines, seriously infringing on the interests of minor shareholders; The power of the underworld is used to achieve the self-interest of shareholders; shareholders disregard the interests of the company, compete for power and profit, and there are even many "dual boards of directors" phenomena.

The purpose of Vantone Real Estate's vigorous efforts to build a "new shareholder culture" is to further improve the company's governance level, strengthen the company's investor relationship management, and better protect the rights and interests of all shareholders of the company, especially small and medium shareholders. The launch of the "New Nine Rules" can be regarded as the start of building Vantone Real Estate's vision of a green listed company of "openness, transparency, and shareholder first". Walk more steadily and walk faster. Enterprises that try and plan to build a "new shareholder culture" can learn from Vantone's nine measures to build a "new shareholder culture" to create a harmonious "new shareholder culture", so that the company's shareholders' meeting and board of directors will be governed healthier and more efficient. High efficiency is conducive to the company's continuous operation and development.