Common use of Management Method Clause in Contracts

Management Method. 1. The permanent organizations of Guoxin Wangyan include the board of directors and the operation and management department. The board of directors will hold two meetings every year at fixed dates, one in the first half of the year and another in the second half of the year. The meetings will discuss and formulate the annual work plans proposed by the management department of the Company, summarize, supervise and examine the work rules, and discuss and find solutions to the major development issues confronting the Company. Any director who cannot attend the meetings of the board of directors shall specify the reasons for his/her absence and apply for leaves of absence. The board of directors has one chairman who shall be Ping Du. The other two directors shall be appointed by Beijing Gridsum and Guoxinjunhe. 2. The Company has an operation and management organization which has 1 general manager who shall be ▇▇▇▇ ▇▇. The general manager reports to the board of directors and performs the following duties: (1) presiding over the daily operation and management tasks of the Company and organize the implementation of the resolutions of the board of directors; (2) organizing the implementation of the annual operation plans and schemes of the Company; (3) proposing the internal management organization structure plans of the Company; (4) drafting the basic management rules of the Company; (5) proposing the employment or dismissal of the deputy general manager of the Company; employing or dismissing the management personnel other than those to be nominated by the chairman and employed or dismissed by the board of directors; (6) performing other duties granted in the articles of association or by the board of directors. 2. The Parties shall carry out the important activities (e.g. concluding contracts, deploying software and system, issuing consultation reports, organizing meetings, marketing and promotion, training and publishing) within the business scope stipulated in the Framework Agreement in the name of Guoxin Wangyan or the Research Center with the unanimous approval by the persons in charge of the Parties. 3. Guoxin Wangyan shall have independent human resources, finance and office premises, matters regarding which shall be discussed among the Parties before final decisions are made.