Universal Scientific Industrial (Shanghai) Co., Ltd.
Board of Directors Diversity Policy
Chapter I General Provisions
Article 1 In order to achieve the purpose of diversifying the Board of Directors
(the “Board”) of Universal Scientific Industrial (Shanghai) Co., Ltd.(the “Company”), this Board of Directors Diversity Policy (this“Policy”) is formulated pursuant to the Company Law of the People'sRepublic of China and other relevant laws and regulations and theArticles of Association of Universal Scientific Industrial (Shanghai) Co.,Ltd..
Chapter II Policy Philosophy
Article 2 The Company recognizes and embraces the idea that building a diverse
board strengthens the Board’s ability of execution.
Article 3 In order to achieve sustainable and balanced development, the Company
sees increasing diversity at the board level as a key element insupporting the achievement of its strategic objectives and maintainingsustainable development. All appointments to the Board should bebased on meritocracy, and candidates are considered with due regard tothe benefits of diversity on the Board.
Article 4 The Company is committed to selecting the best candidates to serve on
the Board. Selection of candidates will be based on a range of diversitycriteria, including but not limited to gender, age, nationality, culturalbackground and ethnicity, in addition to educational background,professional experience, skills, knowledge and term of service. The finaldecision will be based on the candidate's strengths and the contributionhe or she can provide to the Board.
Article 5 The nomination committee of the Board of Directors of the Company
(the “Nomination Committee”) is primarily responsible for identifyingpersons with suitable qualifications to serve as directors, giving dueconsideration to this Policy during the selection process, monitoring theimplementation of this Policy, and reviewing and amending this Policywhen appropriate so as to ensure its effectiveness. All appointments of
the Board members shall be made with due regard to the benefits ofdiversity on the Board, with the merits of each candidate taken into fullaccount, and be processed in accordance with objective criteria.
Chapter III Supervision and Report
Article 6 The Company will describe the diversity of the board composition in its
ESG Report and supervise the actual implementation of this Policy.
Chapter IV Review of this Policy
Article 7 The Nomination Committee shall review this Policy in due course to
ensure its effectiveness. The Nomination Committee shall discuss anyamendments that may be necessary and recommend such amendmentsto the Board for approval.
Chapter V Disclosure of this Policy
Article 8 This Policy or its excerpt, any measurable goals set by the Company
under this Policy and the progress towards achieving the goals will bedisclosed in the Company's ESG Report.
Chapter VI Supplementary Provisions
Article 9 The Company shall pay constant attention to the policies and
development trends related to the diversity of board members aroundthe world and examine and improve this Policy to enhance theeffectiveness of sustainable development. In the event that this Policyconflicts with the laws, regulations, normative documents promulgatedby the nation, or the Articles of Association amended through legalprocedures in the future, the provisions of relevant laws, regulations,normative documents or the Articles of Association of the Companyshall be implemented, and this Policy shall be amended as necessary.
Article 10 This Policy will come into effect after being reviewed and approved by
the Board, and the same applies to any amendments of this Policy.
This Policy shall be interpreted by the Board of Directors of theCompany.
Universal Scientific Industrial (Shanghai) Co., Ltd.
August 24, 2022