Securities Code: 002420 Securities Abbreviation: Yichang Technology Announcement No.: 2026-034
Guangzhou Yichang Technology Co., Ltd. Announcement on the Election of the Board of Directors
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
The term of office of the 6th Board of Directors of Guangzhou Yichang Technology Co., Ltd. (hereinafter referred to as the "Company") is about to expire. In accordance with the provisions of the "Company Law," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 1 - Normative Operation of Main Board Listed Companies," and the "Articles of Association," the Company will conduct the election of the Board of Directors according to legal procedures. On June 18, 2026, the Company held the 28th meeting of the 6th Board of Directors, which reviewed and approved the "Proposal on the Election of the Board of Directors and Nomination of Candidates for Non-Independent Directors of the 7th Board of Directors" and the "Proposal on the Election of the Board of Directors and Nomination of Candidates for Independent Directors of the 7th Board of Directors" item by item. The relevant matters are hereby announced as follows:
I. Election of the Board of Directors
The 7th Board of Directors of the Company will be composed of 9 directors, including 6 non-independent directors (1 employee representative director) and 3 independent directors. With their consent, after review by the Company's Nomination Committee, the Company's Board of Directors nominates Mr. Ning Hongtao, Mr. Ren Xuefeng, Mr. Liu Wensheng, Mr. Li Jin, and Mr. Liu Qiji as candidates for non-independent directors of the 7th Board of Directors. Mr. Hu Bin, Mr. He Hezheng, and Mr. Ren Li are nominated as candidates for independent directors of the 7th Board of Directors. Among them, Mr. Hu Bin is an accounting professional (for the resumes of the above candidates, please refer to the Appendix). The above candidates will be submitted to the Company's shareholders' meeting for election, and the election of non-independent directors and independent directors will be voted on separately using the cumulative voting system. The term of office for the 7th Board of Directors is three years, commencing from the date of approval at the first extraordinary general meeting of shareholders of the Company in 2026 until the expiration of the term of the 7th Board of Directors.
The Company will separately convene a meeting of employee representatives to elect one employee representative director, who, together with the directors elected by the Company's shareholders' meeting, will form the 7th Board of Directors of the Company, with a term of office consistent with that of the 7th Board of Directors.
The number of candidates for directors meets the requirements of the "Company Law" and other laws and regulations and the "Articles of Association." The proportion of independent director candidates is not less than one-third of the total number of directors. The total number of director candidates who concurrently serve as senior management personnel of the Company and directors appointed as employee representatives does not exceed one-half of the total number of directors of the Company.
All candidates for independent directors have obtained independent director qualification certificates. The number of domestic listed companies where they concurrently serve as independent directors does not exceed three, and their tenure as independent directors in the Company does not exceed six years. The qualifications and independence of the above independent director candidates are subject to review and no objection from the Shenzhen Stock Exchange before the shareholders' meeting can proceed with the vote, which will adopt the cumulative voting system.