ST Huilun's former chairman Zhao Jianhua voted against all proposals at the fifth board of directors' twelfth meeting, while the company passed a motion to remove him from his director position. Zhao's reasons for opposition included claims that the company's description of his alleged leak of account information was fabricated, and he questioned the independence of the independent directors. The company responded that Zhao also serves as a representative of Guangdong Qianyiweda Equity Investment Partnership, which is involved in a loan contract dispute with the company and has filed a lawsuit, and has applied to freeze some of the company's bank accounts, leading to reasonable suspicion that he leaked account information. The company also stressed that the current independent directors all meet regulatory independence requirements. The board meeting also approved the appointment of Li Ke as board secretary, the by-election of special committee members, and the convening of the second extraordinary general meeting of 2026, among other proposals. The removal of Zhao Jianhua as director will be submitted to the shareholders' meeting for approval. Previously, at a board meeting on June 25, Zhao also voted against all proposals, citing reasons including procedural irregularities in the meeting's convening, to which the company responded point by point at the time.
Guangdong Failong Crystal Technology Co LtdThe company's former chairman opposes board proposals and is being removed amid disputes, indicating governance instability.