Securities Code: 002521 Securities Abbreviation: Qifeng New Material Announcement No.: 2026-021
Qifeng New Material Co., Ltd.
Announcement on the Election of the Board of Directors
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Board of Directors Election Situation
The term of office for the Sixth Board of Directors of Qifeng New Material Co., Ltd. (hereinafter referred to as the "Company") is about to expire. In accordance with the "Company Law of the People's Republic of China," the "Listing Rules of the Shenzhen Stock Exchange," the "Shenzhen Stock Exchange Main Board Listed Company Regulatory Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other laws, regulations, normative documents, and the "Articles of Association," the Company held the Seventeenth Meeting of the Sixth Board of Directors on June 25, 2026, and approved the "Proposal on Nominating Candidates for Non-Independent Directors of the Seventh Board of Directors" and the "Proposal on Nominating Candidates for Independent Directors of the Seventh Board of Directors."
According to the provisions of the "Articles of Association," the Seventh Board of Directors of the Company will be composed of 7 directors, including 4 non-independent directors and 3 independent directors. The Board of Directors agreed to nominate Mr. Li Xuefeng, Mr. Li Andong, Mr. Li Xiangming, and Mr. Li Runsheng as candidates for non-independent directors of the Seventh Board of Directors; and agreed to nominate Mr. Dong Xiaofei, Mr. Cui Yuan, and Ms. Su Liping as candidates for independent directors of the Seventh Board of Directors, with Mr. Dong Xiaofei being a professional in accounting. The term of office for the Seventh Board of Directors of the Company will be three years from the date of approval by the Company's shareholders' meeting, and the term of independent directors shall not exceed six years (candidate resumes are attached).
II. Other Explanations
Among the candidates for directors of the Seventh Board of Directors, the number of directors concurrently serving as senior management personnel of the Company and directors appointed by employee representatives shall not exceed one-half of the total number of directors of the Company, and the number of candidates for independent directors shall not be less than one-third of the total number of directors of the Company. All the above-mentioned independent director candidates have obtained the independent director qualification certificates recognized by the Shenzhen Stock Exchange. The qualifications and independence of the independent director candidates are subject to the review and approval of the Shenzhen Stock Exchange.
After the review and approval by the Shenzhen Stock Exchange, the matter can be submitted to the Company's shareholders' meeting for consideration. This board election matter needs to be submitted to the first extraordinary shareholders' meeting of the Company in 2026 for consideration.
To ensure the normal operation of the Board of Directors, before the new board takes office, the current directors of the Sixth Board of Directors will continue to perform their duties as directors in accordance with laws, regulations, other normative documents, and the "Articles of Association." This election will not affect the normal operating activities of the Company.
The Company expresses its sincere gratitude to all directors of the Sixth Board of Directors for their diligence and dedication during their term of office and their contributions to the development of the Company!
Attachment: Resumes of Candidates for Directors of the Seventh Board of Directors of Qifeng New Material Co., Ltd.
Hereby announced.
Board of Directors
June 26, 2026