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Stock Code: 002028 Stock Abbreviation: Sieyuan Electric Announcement No.: 2026-030
Sieyuan Electric Co., Ltd.
Announcement Regarding the Completion of the Board of Directors Re-election and Appointment of Senior Management
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or material omissions.
Sieyuan Electric Co., Ltd. (hereinafter referred to as the "Company") held its 2025 Annual General Meeting on June 26, 2026, where it deliberated and approved the relevant proposals for the re-election of the Board of Directors. The shareholders elected the non-independent and independent directors of the ninth Board of Directors, who together constitute the ninth Board of Directors of the Company.
On the same day, the Company held the first meeting of the ninth Board of Directors, which deliberated and approved the "Resolution on Electing the Chairman of the Company," "Resolution on Electing the Vice Chairman of the Company," "Resolution on Appointing the General Manager of the Company," "Resolution on Appointing the Deputy General Managers of the Company," "Resolution on Appointing the Chief Financial Officer of the Company," and "Resolution on Appointing the Board Secretary of the Company."
The details regarding the re-election of the Board of Directors and the appointment of senior management are announced as follows:
I. Members of the Ninth Board of Directors
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Non-independent Directors: Mr. Dong Zengping (Chairman), Mr. Chen Bangdong (Vice Chairman), Mr. Qin Zhengyu (not employed by the Company), Mr. Yang Zhihua.
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Independent Directors: Mr. Qiu Yufeng, Mr. Ai Qian, Ms. Chen Shiyun.
To avoid ambiguity, independent directors are "Independent Non-executive Directors" under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Hong Kong Companies Ordinance.
The number of directors concurrently serving as senior management or as employee representatives shall not exceed one-half of the total number of directors of the Company. The term of the ninth Board of Directors is three years from the date of approval by the General Meeting. The resumes of the Board members are detailed in the appendix.
II. Appointment of Senior Management
The ninth Board of Directors of the Company has agreed to appoint the following personnel as senior management (resumes are detailed in the appendix), with a term consistent with that of the ninth Board of Directors:
General Manager: Mr. Dong Zengping
Deputy General Managers: Mr. Yang Zhihua, Ms. Yang Wen, Mr. Zhang Liangdong, Mr. Liu Gang
Chief Financial Officer: Mr. Yang Zherong
Board Secretary: Mr. Yang Zherong
Contact information for Mr. Yang Zherong:
Telephone: 021-61610958
Fax: 021-61610959
Email: IR@SIEYUAN.COM
Address: No. 3399, Huaning Road, Minhang District, Shanghai
Board of Directors of Sieyuan Electric Co., Ltd.
June 26, 2026
Appendix: Resumes of Directors and Senior Management of the Ninth Board of Directors of Sieyuan Electric Co., Ltd.
I. Resumes of Non-independent Directors
Mr. Dong Zengping, born in 1970, holds a bachelor's degree, is a Chinese national, and holds residency in the Hong Kong Special Administrative Region. Mr. Dong is one of the founders of Sieyuan Electric Co., Ltd. and has worked at the Company since 1993, having previously served as Chairman, General Manager, and other positions. He currently serves as Chairman and General Manager of Sieyuan Electric Co., Ltd. Mr. Dong currently holds a total of 131,444,820 shares of the Company, accounting for 16.8% of the total share capital, making him the largest shareholder. Mr. Dong has no related-party relationship with other shareholders holding more than 5% of the Company's shares, other directors, or senior management. Mr. Dong has not been subject to any penalties by the China Securities Regulatory Commission (CSRC) or other relevant departments, nor has he been disciplined by the Shenzhen Stock Exchange in the last three years. He does not fall under the circumstances stipulated in Article 3.2.3 of the "Guidelines for Standardized Operation of Listed Companies on the Shenzhen Stock Exchange." He is not a person subject to enforcement for trust-breaking.