Articles of Association of Boao Forum for Asia

This Charter is formulated in accordance with the spirit established by the "Boao Forum for Asia Declaration" and the "Guiding Principles of the Boao Forum for Asia Charter".

Chapter 1 General Provisions

Name

The name of this organization is "Boao Forum for Asia" (hereinafter referred to as the "Forum") (the English name is Boao Forum For Asia, abbreviated as BFA).

Nature

The forum is an unofficial, non-profit, regular, addressable international organization.

Purpose

1. Based on Asia, promote and deepen economic exchanges, coordination and cooperation within the region and between the region and other regions of the world;

2 , provide a high-level dialogue platform for governments, enterprises, experts and scholars to discuss economic, social, environmental and other related issues;

3. Work established through the forum with political circles, business circles and academia The network serves the growing economic cooperation between members and members and between members and non-members.

Legal jurisdiction

Abide by the Constitution and laws and regulations of the People's Republic of China, and respect local social morals and customs.

Site

Boao, Hainan, China is the permanent location of the forum headquarters. The registered address of the forum is No. 1, Boao Golden Coast Avenue, Qionghai City, Hainan Province, China.

Chapter 2 Business Scope

Business Scope

The business scope of the forum includes:

1. Convene annual meetings, seminars and other academic seminars to discuss important issues in the economic and social development of Asia and the world, including finance, trade, investment and environment;

2. Propose regional or global initiatives to promote and strengthen cooperation in business, trade and investment between governments and commercial entities;

3. Track trends affecting the global and regional economies;

4. Screen various issues that may affect trade, finance and social development; collect and publish relevant information to highlight regional economic cooperation opportunities;

5. Through the working network established by the forum, we will enhance the connections between enterprises inside and outside the region;

6. Create and become an internationally influential research and training center to provide business groups with advanced management experience and technology;

7. Independently or cooperatively carry out various activities such as conferences and exhibitions, information exchanges, economic assessments, education and training, and e-commerce that help achieve the purpose of the forum.

Chapter 3 Members

Article 7 Member Categories

1. The forum has formal members and informal members.

Initiative members, honorary members, diamond members and platinum members are formal members; ordinary members are informal members.

2. The founding members refer to the former political figures, celebrities and non-profit organizations sent by the 26 sponsoring countries according to the quotas allocated by each country (2 per country) to participate in all activities of the forum, including the decision-making process;

3. Honorary members refer to individuals, enterprises and organizations that have made important and substantial contributions to the creation and development of the forum; the number of honorary members shall not exceed 10;

4. Diamond members and platinum members refer to individuals, companies and organizations that participate in all activities of the forum, including the decision-making process, and whose applications have been approved;

5. Ordinary members refer to individuals, companies and organizations whose applications have been approved for the purpose of attending and observing the forum’s annual meeting and other activities.

Article 8 Membership Conditions

1. Willing to join the forum;

2. Agree to abide by the forum charter;

3. Have a certain influence in the field in which they are engaged;

4. Willing to fulfill the obligations of forum members.

Article 9: Join

Applicants must submit a written application in accordance with the procedures prescribed by the forum, which will be reviewed and approved by the relevant forum institutions.

Article 10 Member Rights

(1) Official members enjoy the following rights:

1. The right to speak and vote at the forum members’ meeting, as well as the right to elect and be elected for the board of directors;

2. The right to propose topics for the forum’s annual meeting and other activities;

3. Participate in the annual meeting of the forum;

4. Prioritize direct communication with leaders in government, business and academia;

5. Obtain the information provided by the forum, and with authorization, give priority to the economic information database of the forum website;

6. Seek business opportunities through the work network established by the forum;

7. Seek forum help on "Enterprise Diagnosis";

8. Entrust the forum to hold special seminars on issues of concern;

9. Entrust the forum to conduct market analysis and legal consultation on its business expansion plan;

10. Entrust the forum to recommend or train talents;

11. Priority will be given to the right to host or sponsor various activities organized by the forum;

12. Authorized to enjoy the naming rights of "Boao Forum for Asia Member";

13. Obtain the annual audit report submitted by an internationally qualified audit firm;

14. Enjoy various preferential treatment provided by Boao Water City to the forum;

15. Enjoy other rights granted by the Forum Council.

However, if a formal member wants to enjoy the rights in Articles (7) to (10), Boao Forum for Asia will charge appropriate fees.

(2) Ordinary members enjoy the following rights:

1. Attend the annual meeting of the forum;

2. Obtain the information provided by the forum and use the economic information database of the forum website with authorization;

3. Seek business opportunities through the work network established by the forum;

4. Priority will be given to participating in relevant business activities held by the forum;

5. Entrust the forum to recommend or train talents;

6. Enjoy some of the preferential treatment provided by Boao Water City to the forum;

7. Enjoy other rights granted by the Forum Council.

Article 11 Member Obligations

Member obligations include:

1. Comply with and implement forum resolutions;

2. Comply with the forum charter and relevant regulations;

3. Participate in member meetings and forum-related activities on time;

4. Protect the legitimate interests of the forum;

5. Pay membership fees in accordance with the relevant regulations of the forum;

6. Provide true and reliable materials and information to the forum;

7. Other relevant obligations stipulated by the forum board of directors.

Article 12 Member Withdrawal

Members have the right to withdraw;

When members decide to withdraw from the forum, they should notify the forum secretary-general in writing 2 months in advance. Once written confirmation is received from the Secretariat, the membership will be deemed to be terminated.

After a member withdraws from the membership, the forum will refund the fees paid by the member according to the following regulations:

Once a member confirmation notice is received, 30% of the membership fee will no longer be refunded;

The remaining 70% of the membership fee will be refunded according to the length of time the member has been a member. If a member cancels the membership in the first year after joining, the remaining 70% of the membership fee will be fully refunded. Starting from the second year, 1/15 will be refunded every year.

Article 13 Termination of Membership

If any member commits illegal acts or loses contact with the forum for more than two years, the Secretariat has the right to terminate his or her membership with the consent of the Board of Directors. However, the member shall be notified in advance and shall have the right to request a hearing.

Chapter 4 Organizational Structure and Appointment and Removal of Officials

Article 14 Organizational Structure

The main organizational structure of the forum is as follows:

1 ． Forum membership meeting;

2. Board of Directors;

3. Secretariat;

4. Research and Training Institute;

5. Advisory Committee

Article 15 General Meeting

(1) The General Meeting is the highest authority of the forum and is held once a year. The forum secretariat is responsible for preparing the general meeting, and all members should be notified in advance of relevant meeting matters.

(2) If the notice of convening the meeting fails to be delivered to one or some members due to force majeure, or one or some members are unable to attend the general meeting for any reason, if the quorum is met will not affect the proceedings of the general meeting.

(3) Powers of the General Assembly:

1. Consider and approve the forum charter or the proposal to amend the charter;

2. Elect board members;

3. Adopt the annual work report and annual budget submitted by the Secretariat and reviewed by the Council;

4. Discuss other matters specified in the meeting agenda;

5. Discuss other written motions proposed by regular members, which should be signed by at least a quarter of the regular members and submitted to the Forum Secretariat two weeks before the meeting.

(4) Resolutions of the general meeting shall be passed by a simple majority of all regular members participating in the general meeting.

(5) The chairman of the general meeting shall be the chairman. If the chairman is unable to attend, the vice-chairman or another director should be entrusted to perform his duties in his place. In addition, a number of co-chairs should be generated from among the full members.

Article 16 Quorum and Voting at the General Meeting

The quorum present at the general meeting shall be one-third of the total number of full members.

All full members have the right to vote at the general meeting or special meetings of the general meeting. Voting shall be by show of hands or by secret ballot at the request of at least three regular members or one member of the Board of Directors. According to the relevant rules formulated by the general meeting, members are allowed to designate representatives to vote.

Article 17 Special Meeting of the General Assembly

During the period when the General Assembly is not in session, the Board of Directors has the right to convene a special meeting of the General Assembly based on the written proposal of more than one-quarter of the regular members. Discuss relevant urgent matters that cannot be postponed to the next general meeting.

Article 18 Forum Council

1. The Board of Directors is the highest executive body of the General Assembly and is responsible to the General Assembly;

2. The directors of the Board of Directors are elected by a simple majority of the formal members of the forum at the general meeting.

3． The Board of Directors holds a meeting every year, which is held at the forum headquarters at the same time as the General Meeting.

4． Upon the proposal of three or more directors and the approval of the majority of directors, the chairman may convene a special meeting of the board of directors.

Article 19 Composition of the Board of Directors

The Forum Board of Directors is composed of eleven directors. The first term of the Board of Directors is 5 years, and each subsequent term of the Board of Directors is 3 years. Year.

1. The seven directors are elected from sponsor members and basic members and can be re-elected;

2. Two directors are elected from honorary members and can be re-elected;

3. The Secretary-General of the Forum and representatives from the host country are ex-officio members of the Council;

4. No more than four directors may be from the same country or economy.

The number of members of the Board of Directors can be increased or decreased with the approval of the General Meeting of Members.

Article 20 Chairman and Vice Chairman

The Board of Directors shall have a Chairman and Vice Chairman;

The Chairman and Vice Chairman shall be composed of attending directors The directors shall be elected by more than two-thirds of the directors at the meeting. In the selection of candidates, the principle of geographical balance must be paid attention to;

The vice-chairman shall be a representative of Boao, the host city;

4． The term of the first chairman and vice chairman is 5 years and can be re-elected. The term of future Board of Directors shall be 3 years.

5. If the Chairman is unable to assume his position for any reason, the Vice Chairman shall serve as Acting Chairman until the next Board meeting; the term of the Chairman elected at that meeting shall be the remaining term of the previous Chairman.

Article 21 Responsibilities of the Forum Board of Directors

The responsibilities of the Board of Directors include:

1. Supervise and manage the activities of the entire forum;

2. Review the annual work report and annual budget of the forum submitted by the secretariat to the general meeting;

3. Appoint the forum secretary-general and deputy secretary-general;

4. Review the proposal to amend the forum charter;

5. Approve the major rules and regulations of the forum;

6. Decide on the convening of the general meeting of members and review and approve the agenda of the general meeting;

7. Other duties authorized by the general meeting.

Article 22 Generation of Council Resolutions

Except as otherwise provided in this Charter and relevant rules, Council resolutions shall be passed by a simple majority of all directors present at the Council meeting. and take effect. Each director has one vote.

The Board of Directors may also adopt non-meeting methods to make resolutions on major issues or urgent matters of the forum.

Article 23 Responsibilities of the Chairman

The responsibilities of the Chairman shall be:

1. Preside over board meetings and general membership meetings;

2. Supervise the formulation of medium and long-term plans and projects that will help realize the purpose of the forum and promote the interests of the forum;

3. With the authorization of the Board of Directors, non-agreement, non-binding and non-administrative correspondence can be signed on behalf of the forum;

4. Report the work of the Board of Directors to the General Assembly;

5. Perform other duties assigned by the Board of Directors.

Article 24 Responsibilities of the Vice Chairman

Assist the Chairman in performing his duties;

When the Chairman is unable to perform his duties, perform the duties of the Chairman on his behalf ;

Exercise other duties assigned by the Board of Directors.

Article 25 Secretariat

The Secretariat is the permanent executive agency of the Forum and its responsibilities are as follows:

1. Responsible for the preparation of all meetings of the forum;

2. Implement the resolutions of the General Assembly and the Board of Directors;

3. Prepare the annual work report and annual budget of the forum and submit them to the Board of Directors for review;

4. Responsible for forum fund raising and operation;

5. Responsible for drafting or revising the rules and regulations of the forum and submitting them to the Board of Directors for approval;

6. Responsible for membership membership, withdrawal, daily contact and other related services;

7. With the assistance of the Research and Training Institute, organize the drafting and publication of economic forecasts related to the forum's business; once the Research and Training Institute is operating normally, this function will be transferred to the Research and Training Institute;

8. With the assistance of the Research and Training Institute, it is responsible for providing intellectual resources for the forum's annual meetings, seminars and other special meetings; when the Research and Training Institute is in normal operation, this function will be transferred to the Research and Training Institute;

9. With the assistance of the Research and Training Institute, provide human resources training for members and other partners; when the Research and Training Institute is operating normally, this function will be transferred to the Research and Training Institute;

10. With the assistance of the Research and Training Institute, it is responsible for establishing work networks and information exchange centers in Asia and even around the world; once the Research and Training Institute is operating normally, this function will be transferred to the Research and Training Institute;

11. Responsible for other matters entrusted by the Board of Directors;

12. Assist the Chairman in performing his duties.

Article 26 Secretary-General

The Secretary-General is the CEO of the Forum and leads the Secretariat. His term is five years and can be extended with the approval of the Board of Directors. Its responsibilities are as follows:

1. Responsible for the daily affairs of the forum and representing the forum externally;

2. Responsible for presiding over all meetings of the forum except the forum membership meeting and board of directors meeting;

3. Implement the rules and regulations approved by the Board of Directors;

4. Recruit, promote and dismiss Secretariat staff;

5. Propose a proposal to adjust the functional departments of the Secretariat or forum offices and submit it to the Board of Directors for review and approval;

6. Responsible for executing other matters entrusted or authorized by the Board of Directors.

Article 27 Deputy Secretary-General

As decided by the Board of Directors, the Forum shall have a number of Deputy Secretary-Generals. The Deputy Secretary-General may be nominated by the Secretary-General and appointed or removed by the Board of Directors. If other directors nominate a deputy secretary-general, the approval of the secretary-general should be obtained before submission to the board of directors for approval. The term of the Deputy Secretary-General is five years and may be extended with the approval of the Board of Directors.

The responsibilities of the Deputy Secretary-General are as follows:

1. Assist the Secretary-General in handling relevant daily affairs;

2. When the Secretary-General is unable to perform his duties, perform the duties of the Secretary-General on his behalf;

3. Handle other matters entrusted or authorized by the Secretary-General.

Article 28 Termination of the duties of the Secretary-General and Deputy Secretary-General

The Secretary-General and Deputy Secretary-General shall terminate their duties under the following circumstances:

1. Submit a written resignation to the chairman three months in advance;

2. If more than two-thirds of the directors pass the removal resolution at the board of directors meeting, in this case, they have the right to request a hearing;

3. Unable to perform his or her duties;

4. subject to criminal sanctions.

Article 29 Research and Training Institute

The Research and Training Institute is an important intellectual support institution for the forum. Once the Research and Training Institute is operating normally, the above functions will be transferred from the Secretariat to the Research and Training Institute.

After passing the open recruitment, the director of the Research and Training Institute will be nominated by the Secretary-General and appointed by the Board of Directors.

Article 30 Advisory Committee

1. The forum has an advisory committee, composed of main representatives of the 26 sponsoring countries;

2. The Advisory Committee will hold working meetings from time to time depending on the needs of the forum, and provide consultation and suggestions on important matters related to the forum;

3. Members of the Advisory Committee are not remunerated unless they are entrusted by the Forum to engage in forum-related matters.

Chapter 5 Asset Management and Use

Article 31 Forum Funding Sources

1. Membership fee;

2. Participation fee;

3. Donate;

4. Government funding;

5. Income from activities or services carried out within the business scope of the forum;

6. Interest on forum funds;

7. Other legal income.

Article 32 Use of Funds

All funds of the forum shall be used to achieve the purpose of the forum and shall be used within the scope of this Articles of Association and its relevant rules.

Article 33 Financial Management

Comply with internationally recognized accounting standards and host country financial regulations to ensure that all accounting information is legal, authentic and complete.

The forum’s accounts should be audited every year by an accounting firm with international certification.

For the insurance, benefits and other benefits of formal staff of the forum, please refer to the relevant administrative regulations of the host country.

Chapter 6 Amendments to the Charter

Article 34 Procedure for Amending the Charter

Amendments to the Charter shall be submitted by the Secretariat to the Board of Directors for review and approval by Approved by the general meeting of members;

Amendments to the articles of association shall take effect after being approved by the general meeting of members.

Chapter 7 Dissolution of the Forum

Article 35 Dissolution Procedure

The dissolution of the Forum shall be carried out in accordance with the following procedures:

1 ． After being reviewed by the board of directors, the forum's dissolution proposal will be submitted to the forum's general meeting;

2. The general meeting of members made a resolution to dissolve the forum based on the above motion;

3. The decision to dissolve the forum must be notified to the registration authority of the host country.

Before the forum is disbanded, a liquidation committee should be established in accordance with international practice and the laws and regulations of the host country to liquidate the assets and debts of the forum.

After repaying debts and returning membership fees, any remaining assets of the forum shall be donated or used to develop causes related to the purpose of the forum under the supervision of the registration authority.

Chapter 8 Supplementary Provisions

Article 36 Articles of Association and Rules

Matters not covered in this Article of Association shall be stipulated in the relevant rules; the rules shall be approved by the Board of Directors takes effect later.

Article 37 Language

The official languages ??of this forum are English and Chinese.

Article 38 Interpretation

The right to interpret this charter belongs to the Forum Council.

Article 39 Effective

This Article of Association was adopted at the Forum Member Conference held in Boao, Hainan Province, China on April 8, 2010.