Securities Code: 001331
Securities Abbreviation: Sheng Tong Energy
Announcement Number: 2026-055
Sheng Tong Energy Co., Ltd.
Announcement on Early Election of the Company's Board of 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 false records, misleading statements, or major omissions.
Sheng Tong Energy Co., Ltd. (hereinafter referred to as the "Company")'s third session of the Board of Directors was originally scheduled to expire on October 30, 2027. Given that the company's control has recently been transferred, and the company's controlling shareholder and actual controller have changed, in order to ensure the stability of the company's governance structure and achieve a smooth transition of control, the Board of Directors proposes to hold an early election. In accordance with the "Company Law of the People's Republic of China," the "Shenzhen Stock Exchange Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Norms for Operations of Main Board Listed Companies," and other relevant laws and regulations and the "Articles of Association," the Company held the thirteenth meeting of the third session of the Board of Directors on July 10, 2026. The meeting deliberated and passed the proposals including "Proposal on Amending the Articles of Association and the Rules of Procedure for Board Meetings and Handling Related Industrial and Commercial Change Registration," "Proposal on Early Election of the Board of Directors and Nomination of Candidates for Non-Independent Directors of the Fourth Session of the Board of Directors," and "Proposal on Early Election of the Board of Directors and Nomination of Candidates for Independent Directors of the Fourth Session of the Board of Directors."
According to the revised "Articles of Association" and "Rules of Procedure for Board Meetings," the fourth session of the Board of Directors will be composed of 5 directors, including 3 non-independent directors and 2 independent directors. After the qualification review by the Nomination Committee of the third session of the Board of Directors, the Board of Directors agreed to nominate Mr. Zhu Dong, Mr. Xia Yueyi, and Mr. Wang Zhaotao as candidates for non-independent directors of the fourth session of the Board of Directors (resumes attached). Their term of office will be three years from the date of approval by the third extraordinary general meeting of shareholders in 2026. The Board of Directors agreed to nominate Mr. Lou Jianfeng and Ms. Zhang Dexian as candidates for independent directors of the fourth session of the Board of Directors (resumes attached). Mr. Lou Jianfeng's term of office will be three years from the date of approval by the third extraordinary general meeting of shareholders in 2026. Ms. Zhang Dexian's term of office will be from the date of approval by the third extraordinary general meeting of shareholders in 2026 until February 27, 2027. Ms. Zhang Dexian is an accounting professional. Ms. Zhang Dexian, a candidate for independent director, has obtained relevant training certificates recognized by the Shenzhen Stock Exchange. Mr. Lou Jianfeng has promised to participate in the next independent director training and obtain a qualification certificate recognized by the Shenzhen Stock Exchange. Candidates for independent directors must be filed with the Shenzhen Stock Exchange and approved without objection before being submitted to the general meeting of shareholders for deliberation. The general meeting of shareholders will vote on the candidates for non-independent directors and independent directors respectively using cumulative voting.