Overview of Corporate Governance
The only reason for the existence of a company is to serve customers. Producing more food and increasing soil fertility is to better serve customers. Putting customers at the center and creating value for them is the common value of the company. Power is the propellant and lubricant for realizing common values. On the contrary, unrestrained power will hinder and undermine the protection of common values. The company has a sound internal governance structure, with clear rights and responsibilities of each governing body, and a focus on accountability. However, there is also a separation of powers and checks and balances, allowing power to circulate in a closed loop and scientifically change within the cycle.

The company implements collective leadership at the governance level, and does not pin the fate of the company on individuals. Collective leadership follows the principles of common values, responsibility focus, democratic centralism, decentralization and checks, and self-criticism.

The company adheres to customer centricity and puts the strugglers first, continuously improving its corporate governance structure, organization, processes, and assessments to ensure long-term effective growth.

The shareholders' meeting is the power structure of the company, making decisions on major matters such as capital increase, profit distribution, and election of directors/supervisors.

The board of directors is the highest responsible body for the company's strategy, business management, and customer satisfaction. It undertakes the mission of leading the company forward, exercises decision-making power in company strategy and business management, and ensures that the interests of customers and shareholders are safeguarded.

The board of directors and the executive committee of the board of directors are chaired by the rotating chairman, who is the highest leader of the company during his tenure.

The main responsibilities of the supervisory board include supervising the performance of directors/senior management, monitoring the company's operations and financial situation, and compliance supervision.

Since 2000, auditors have been responsible for auditing annual financial statements, evaluating the truthfulness and fairness of financial statements in accordance with accounting standards and audit procedures, and issuing audit opinions on financial statements.