Stock Code: 000669
Stock Abbreviation: ST Jinhong
Announcement No.: 2026-065
Jinhong Holding Group Co., Ltd.
Announcement on Adjusting Board Seats and Electing Some Directors
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or material omissions.
On July 3, 2026, the Company convened the Eighth Meeting of the Eleventh Board of Directors in 2026, which reviewed and approved proposals including the "Proposal on Adjusting Board Seats," the "Proposal on Re-electing Non-independent Directors of the Eleventh Board of Directors," and the "Proposal on Re-electing Independent Directors of the Eleventh Board of Directors." The above proposals are subject to review by the Company's shareholders' meeting.
The specific details are hereby announced as follows:
I. Adjustment of Board Seats
To further optimize the Company's corporate governance structure and improve the efficiency of board decision-making, the Company proposes to reduce the number of board members from 9 to 7, with the number of non-independent directors decreasing from 6 to 4, and the number of independent directors remaining at 3.
II. Director Resignations and Re-elections
In view of the "Proposal on Adjusting Board Seats" having been approved by the Board of Directors, and considering that some directors have submitted written resignation reports to the Board, the Eleventh Board of Directors proposes to conduct re-elections.
(I) Resignations of Some Directors Before Term Expiration
Non-independent directors Mr. Guo Tao, Mr. Niu Wei, Ms. Li Lei, and Mr. Li Wenpeng of the Eleventh Board of Directors have respectively submitted written resignation reports to the Board. Mr. Guo Tao has applied to resign from his positions as Chairman, Non-independent Director, and Legal Representative of the Eleventh Board of Directors, and concurrently resign from his positions as Chairman of the Strategy Committee, member of the Audit Committee, member of the Nomination Committee, and member of the Remuneration and Assessment Committee. Mr. Niu Wei has applied to resign from his position as Non-independent Director and member of the Remuneration and Assessment Committee of the Eleventh Board of Directors. Ms. Li Lei has applied to resign from her position as Non-independent Director and member of the Strategy Committee of the Eleventh Board of Directors. Mr. Li Wenpeng has applied to resign from his position as Non-independent Director and member of the Audit Committee of the Eleventh Board of Directors. Following these resignations, Mr. Guo Tao, Ms. Li Lei, and Mr. Li Wenpeng will no longer hold any positions in the Company or its subsidiaries. Mr. Niu Wei will continue to hold other positions in the Company and its subsidiaries.
Independent Director Ms. Guan Xueting of the Eleventh Board of Directors has submitted a written resignation report to the Board. Ms. Guan Xueting has applied to resign from her position as Independent Director of the Eleventh Board of Directors, and concurrently resign from her positions as Chairman of the Remuneration and Assessment Committee, member of the Audit Committee, and member of the Nomination Committee.
In accordance with the "Company Law," the "Articles of Association," and other relevant regulations, the resignations of Mr. Guo Tao, Mr. Niu Wei, Ms. Li Lei, Mr. Li Wenpeng, and Ms. Guan Xueting will not result in the number of directors falling below the legal minimum, nor will it cause the number of independent directors to be less than one-third of the total number of directors. The resignation reports of the above individuals take effect from the date they are delivered to the Board of Directors. As of the disclosure date of this announcement, the departing directors do not hold any shares in the Company, and there ar