002509SZSE

Announcement of Resolutions from the 13th Meeting of the 5th Board of Directors

Tianmao Reinsurance Co., Ltd.··3 pages

✨ AI Summary

The 13th meeting of the 5th Board of Directors of Tianguang Zhongmao Co., Ltd. was held on July 1, 2020, via telecommunication. A proposal to remove Chairman Yu Houshu was voted down with 4 votes against and 3 abstentions. Concerns were raised regarding the management and governance of the company amid financial difficulties, emphasizing the need for unity among major shareholders.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Stock Code: 002509

Stock Abbreviation: Tianmao Tui

Announcement Number: 2020-079

Bond Code: 112467

Bond Abbreviation: 16 Tianguang 01

Tianguang Zhongmao Co., Ltd.
Announcement of Resolutions from the 13th Meeting of the 5th Board of Directors

The company and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

I. Meeting Notification, Convening, and Holding

The 13th meeting of the 5th Board of Directors of Tianguang Zhongmao Co., Ltd. (hereinafter referred to as "the Company") was held on July 1, 2020, via telecommunication voting. The meeting was convened and presided over by Chairman Yu Houshu. The meeting notice was sent out via email on June 30, 2020 (Note: Article 116 of the Articles of Association states, "For an extraordinary meeting of the Board of Directors, all directors and supervisors should be notified in writing by mail, fax, etc., two days prior to the meeting, except in special urgent circumstances").

A total of 7 directors were supposed to participate in the voting, with 6 actually participating. Director Chen Xiaodong did not clearly choose a voting opinion and was treated as an abstention. The convening and holding of this meeting complied with the relevant provisions of the Company Law and the Articles of Association.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.