Bluestar Adisseo : Adisseo Awarded“2021 Annual Outstanding Practice Case of Office of Board of Directors of Public Companies”

Adisseo Awarded"2021 Annual Outstanding Practice Case of Office of Board of Directors of Public Companies"

Release time:2021-12-23

On 22^nd November, the Work Practice Exchange Conference of Office of Board of Directors of Public Companies & 2021 Annual Best Practice Case of Office of Board of Directors of Public Companies Release Event was held in Beijing. The Office of Board of Directors of public companies (hereafter referred to as Board Office) undertakes the key responsibilities of corporate governance, operation of Board of Shareholders, Directors and Supervisors, information disclosure, investor relations management, assistance in compliance training of directors, supervisors and senior management, and corporate capital operation. To some extent, the capabilities and performance of the Board Office determine quality of a company's corporate governance. About 300 members including board secretaries, security affairs representatives and staff of the Board Office of the executive members of the CAPCO and council members of the professional committee of board secretaries of CAPCO attended the meeting on site and online. On the meeting, Adisseo（600299.SH） was awarded "2021 Annual Outstanding Practice Case of Office of Board of Directors of Public Companies".

To further encourage the Board Office, staff of public companies to improve professional quality and capability, advocate and set up industry benchmark, CAPCO initiated the activity of "Annual Best Practice Case of Office of Board of Directors of Public Companies" in October this year among its company members. After self-recommendation of the public companies and assessment of the experts, 35 companies were awarded "2021 Annual Best Practice Case of Office of Board of Directors of Public Companies" and 43 companies were awarded "2021 Annual Outstanding Practice Case of Office of Board of Directors of Public Companies".

The case of "Internationalized Management Practices of Adisseo Board Office", highly recognized by all parties, fully displays Adisseo's internationalized management style and international governance standards, and specific mechanisms and measures in protecting the interests of minority shareholders, promoting information disclosure, compliance, and effectively transmitting the development strategy and long-term value to domestic and global investors.

Hao Zhigang, Chairman of Bluestar Adisseo, expressed his appreciation to CAPCO for the recognition of Adisseo. Adisseo is the member of CAPCO and has been invited to become the council member of the third Council Board of CAPCO. He hopes that through the bridge role of the listed company association platform, Adisseo can realize more business exchanges and cooperation with domestic listed companies.

The internationalized management practice of the Board Office of Adisseo has been spoken highly across the industry and the capital market. Since getting listed in the A-share market in 2015, Adisseo has established a globalized structure of the Board of Directors. Among the 9 directors, except the senior executives, all other directors are professionals with rich professional experience and profound business background from world-renowned companies or institutions in China and Europe. They have been dedicated to improving global vision and strategic thinking of the management team of Adisseo to realize integration of Chinese and European corporate governance system.

At the same time, Adisseo has established regular communication mechanism between the Board of Directors and core management and hold monthly regular meetings and special meetings so that the Board Office can become the bridge of high quality communication between the listed company and the investors and the industry analysts of security companies. As the "window" to the capital market, on one hand, its Board Secretary Office undertakes the responsibilities of information disclosure and constructing positive investor relations management in a legitimate and effective way, on the other hand, promotes the operation of the Board of Directors to be more professional, responsible, standardized and effective, develop modernization of cooperate governance ability, and thus continuously improve company and shareholder value and shareholder returns, to further realize company value maximization.