Announcement on Receipt of Shareholders' Temporary Proposals
Inner Mongolia Tianshou Technology Development Co., Ltd.
Securities Code: 000611
Securities Abbreviation: *ST Tianshou
Announcement Code: 2022-74
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Inner Mongolia Tianshou Technology Development Co., Ltd. (hereinafter referred to as "the Company") received on May 29, 2022, the following temporary proposals submitted by shareholders Zhou Renyu and Zhang Xianglin, who jointly hold more than 3% of the Company's shares:
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Proposal for the removal and election of board members at the 2021 Annual General Meeting of Shareholders.
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Proposal against the board making a resolution to sell equity in Tianchi Molybdenum.
Based on the temporary proposals from shareholders Zhou Renyu and Zhang Xianglin, the Company conducted a self-examination of the current board members' performance and significant matters facing the Company. The Company responded to the shareholders regarding the temporary proposals and held an extraordinary board meeting on June 6, 2022, to review the proposal to add the "Proposal for the Removal and Election of Board Members at the 2021 Annual General Meeting of Shareholders." The specific details are as follows:
Content of the Temporary Proposals
- Proposal for the Removal and Election of Board Members at the 2021 Annual General Meeting of Shareholders
"To strengthen corporate governance, address the 'management control' issue, protect shareholder rights, and eliminate agency risks, shareholders Zhou Renyu and Zhang Xianglin jointly proposed the following resolutions for consideration:
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Proposal 1: Proposal to remove Chen Fengli from the position of non-independent director of the ninth board.
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Proposal 2: Proposal to remove Hu Guodong from the position of non-independent director of the ninth board.
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Proposal 3: Proposal to remove Li Xiaobin from the position of non-independent director of the ninth board.
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Proposal 4: Proposal to remove Gong Heqian from the position of non-independent director of the ninth board.
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Proposal 5: Proposal to remove Shan Chengheng from the position of independent director of the ninth board.
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Proposal 6: Proposal to remove Zhao Xiangyang from the position of independent director of the ninth board.
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Proposal 7: Proposal to nominate Yin Ling as a candidate for non-independent director of the ninth board.
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Proposal 8: Proposal to nominate Zhao Rougang as a candidate for non-independent director of the ninth board.
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Proposal 9: Proposal to nominate Guo Changwu as a candidate for non-independent director of the ninth board.
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Proposal 10: Proposal to nominate Cai Liping as a candidate for non-independent director of the ninth board.
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Proposal 11: Proposal to nominate Wang Yue as a candidate for independent director of the ninth board.
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Proposal 12: Proposal to nominate Xu Yutong as a candidate for independent director of the ninth board.
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Proposal 13: Proposal to nominate Liu Xiang as a candidate for independent director of the ninth board.
Among these:
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Proposals 1 to 4 are collectively referred to as 'Proposals for the Removal of Non-Independent Directors';
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Proposals 5 to 6 are collectively referred to as 'Proposals for the Removal of Independent Directors';
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Proposals 7 to 10 are collectively referred to as 'Proposals for the Nomination of Non-Independent Directors', subject to a non-cumulative voting system;
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Proposals 11 to 13 are collectively referred to as 'Proposals for the Nomination of Independent Directors', also subject to a non-cumulative voting system.