Modern Investment Elects Tang Chengtie as Chairman of the Ninth Board of Directors

Management
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Modern Investment held the 15th meeting of the ninth board of directors on July 30, 2026, electing Tang Chengtie as chairman of the ninth board of directors and Zeng Yongchang as vice chairman, with terms lasting until the end of the ninth board's tenure. The meeting also appointed Tang Chengtie, Liu Gang, and Qu Maohui as members of special committees under the ninth board. The company stated that this personnel change will not affect daily management, production and operations, or debt repayment ability, and the governance structure remains compliant with relevant regulations. Bond trustee China Securities will closely monitor related developments.

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