Announcement on the Election of the Company's Board of Directors
In view of the upcoming expiration of the 11th Board of Directors of Jiangsu Farsen Co., Ltd. (hereinafter referred to as "the Company"), the Board plans to conduct an election for the 12th Board of Directors in accordance with the Company Law, the Management Measures for Independent Directors of Listed Companies, the Listing Rules of the Shenzhen Stock Exchange, and other relevant laws, regulations, and the Company's Articles of Association. The 12th Board will consist of 11 directors, including 7 non-independent directors (1 of whom is a representative of employees) and 4 independent directors. The relevant information is announced as follows:
1. Election of the Board of Directors
On June 2, 2026, the Company held the 36th meeting of the 11th Board of Directors, where it reviewed and approved the proposals regarding the election of the Board of Directors and the nomination of candidates for non-independent directors and independent directors of the 12th Board. The Board agreed to nominate Mr. Chen Mingjun, Ms. Huang Fang, Ms. Zhou Ling, Mr. Zhu Hongyu, Ms. Li Shanying, and Mr. Meng Xiansheng as candidates for non-independent directors of the 12th Board; and Ms. Weng Xiaowei, Ms. Xu Xiaojuan, Ms. Liu Wei, and Mr. Zhou Kai as candidates for independent directors, with the latter three being accounting professionals. These proposals will be submitted to the shareholders' meeting for review and will be voted on using a cumulative voting system. Upon approval by the shareholders' meeting, the aforementioned director candidates will form the 12th Board of Directors together with 1 employee representative director elected by the employee representative assembly, with a term of three years starting from the date of election approval by the shareholders' meeting. Detailed resumes of the candidates are attached.