Zhejiang Rongtai announced that independent director Wu Shiliang has resigned from the position for personal reasons. His original term was set to begin upon the company's completion of its H-share issuance and listing and run until the end of the second board term, but the appointment had not yet formally taken effect. The resignation takes effect upon delivery to the board. On the same day, the company held the twenty-third meeting of the second board of directors. To support the H-share issuance and listing and to improve the independent director structure, and following a review by the board nomination committee, the board nominated She Junle as a candidate for independent non-executive director of the second board. This nomination still requires approval at an extraordinary general meeting.
Zhejiang Rongtai Electric Material Co.,Ltd.Independent director resignation and nomination for H-share listing support; no clear positive or negative impact on operations.