Recently, under the overall guidance of the China Securities Regulatory Commission, the Shanghai Stock Exchange revised the “Stock Listing Rules” and “Standardized Operation Guidelines” of the Main Board and the Science and Technology Innovation Board, and publicly solicited comments from the market. This rule revision mainly includes establishing a supervisory system for the entire process of appointment, performance, and dismissal of directors and secretaries, further improving the performance guarantee of directors' secretaries, guiding directors to perform their duties better, giving full play to the role of directors and secretaries in handling information disclosure matters, corporate governance, and internal and external communication and coordination, and promoting the improvement of the quality of listed companies. Refine the relevant regulations for directors and executives, improve the supervisory system for directors and executives, implement comprehensive regulations in terms of appointment, performance, and separation; urge directors and executives to perform their duties faithfully and diligently; improve incentives and restraint mechanisms for directors and executives, require listed companies to formulate remuneration management systems, stipulate that the remuneration of directors and executives matches the company's business performance and personal performance, and promote better binding of interests among directors, executives and companies; further regulate the behavior of controlling shareholders and actual controllers, and strictly limit peer competition that may have a significant adverse effect on listed companies.

Recently, under the overall guidance of the China Securities Regulatory Commission, the Shanghai Stock Exchange revised the “Stock Listing Rules” and “Standardized Operation Guidelines” of the Main Board and the Science and Technology Innovation Board, and publicly solicited comments from the market. This rule revision mainly includes establishing a supervisory system for the entire process of appointment, performance, and dismissal of directors and secretaries, further improving the performance guarantee of directors' secretaries, guiding directors to perform their duties better, giving full play to the role of directors and secretaries in handling information disclosure matters, corporate governance, and internal and external communication and coordination, and promoting the improvement of the quality of listed companies. Refine the relevant regulations for directors and executives, improve the supervisory system for directors and executives, implement comprehensive regulations in terms of appointment, performance, and separation; urge directors and executives to perform their duties faithfully and diligently; improve incentives and restraint mechanisms for directors and executives, require listed companies to formulate remuneration management systems, stipulate that the remuneration of directors and executives matches the company's business performance and personal performance, and promote better binding of interests among directors, executives and companies; further regulate the behavior of controlling shareholders and actual controllers, and strictly limit peer competition that may have a significant adverse effect on listed companies.