Shandong Zhangqiao Blower Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
I. Resignation of Directors and Senior Management
The Board of Directors of Shandong Zhangqiao Blower Co., Ltd. recently received written resignation reports from Mr. Fang Shupeng, Mr. Yang Yanwen, Mr. Liu Shihua, and Ms. Zhao Xiaofen. According to the company's operational development needs, Mr. Fang Shupeng, the former co-chairman and general manager, applied to resign from his positions but will continue to serve as a director and in relevant positions in the board's special committees and affiliated companies. Mr. Yang Yanwen applied to resign from his position as a director but will continue to hold other positions in the company's controlling subsidiary. Mr. Liu Shihua applied to resign from his position as deputy general manager due to job changes and is proposed to be appointed as the general manager. Ms. Zhao Xiaofen applied to resign from her position as financial director but will continue to hold other positions in the company and its affiliated companies.
According to the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standardized Operations of Main Board Listed Companies" and other relevant regulations, Mr. Yang Yanwen's resignation will not result in the board of directors falling below the legal number of members and will not affect the normal operation of the board. The resignations of Mr. Fang Shupeng, Mr. Liu Shihua, and Ms. Zhao Xiaofen will not affect the company's normal production and operations. The resignation reports of the aforementioned personnel will take effect from the date they are delivered to the company's board of directors and have been properly handed over according to the company's relevant management systems.
As of the date of this announcement, Mr. Fang Shupeng holds 234,706 shares of the company, accounting for 0.08% of the total share capital; he is the father of the company's shareholder and chairman, Mr. Fang Rungang (who holds 30,737,450 shares, accounting for 9.85% of the total share capital). Mr. Liu Shihua holds 50,900 shares, accounting for 0.02% of the total share capital; Mr. Yang Yanwen and Ms. Zhao Xiaofen do not hold any shares in the company. The aforementioned personnel do not have any unfulfilled commitments and will continue to strictly comply with the "Rules on the Management of Shares Held by Directors and Senior Management of Listed Companies and Their Changes" and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 18 - Shareholders and Directors, Senior Management Personnel Reducing Holdings" and other laws and regulations.
II. Change of Legal Representative
According to the provisions of the "Articles of Association" and the company's operational development needs, the company intends to change the legal representative from Mr. Fang Shupeng, the general manager, to Mr. Fang Rungang, the chairman (resume attached). Mr. Fang Rungang meets the qualifications for the legal representative as stipulated in the company's articles of association. This change of legal representative is conducted within the scope provided by the "Articles of Association" and does not involve amendments to the articles of association. Other registration information on the company's business license remains unchanged. The above changes still require industrial and commercial registration, subject to the registration by the market supervision department. This change aims to further promote the company's efficient management and healthy operation, will not lead to changes in the company's main business, and will not adversely affect the company's production and operations.