Fengxing Shares announced that independent director Zhong Gang has submitted a written resignation due to having served for six consecutive years. He is stepping down from his roles as independent director and member of relevant board committees, and will not hold any position in the company or its controlled subsidiaries after his departure. Zhong Gang has served as independent director since July 8, 2020, and does not hold any company shares. As his resignation would cause the number of board members to fall below the statutory minimum, the resignation will take effect once a new independent director is elected at a shareholders' meeting. Until then, Zhong Gang will continue to perform his duties. The company will complete the by-election process as soon as possible.
Anhui Fengxing Wear Resistant Materials Co LtdIndependent director resignation due to term limit, but no material impact on company operations or strategy.