Announcement on the Election of the Company's Board of Directors
Easy Star Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
The seventh board of directors of Easy Star Group Co., Ltd. was originally scheduled to serve until November 22, 2026. However, due to an agreement reached on December 8, 2025, between Guangdong Hengrui Equity Investment Partnership (Limited Partnership), Yangzhou Dongfang Group Co., Ltd. (hereinafter referred to as "Dongfang Group"), Mr. He Simu, and Hubei Jingjiang Industrial Investment Group Co., Ltd. (hereinafter referred to as "Jingjiang Industrial") regarding the transfer of shares in Easy Star Group Co., Ltd., the parties have completed the share transfer agreement and registration procedures on March 30, 2026.
To facilitate the change of control of the Company, improve the corporate governance structure, and ensure effective decision-making and stable management, the Company has decided to conduct the board of directors election ahead of schedule in accordance with the Company Law, Securities Law, Shenzhen Stock Exchange GEM Listing Rules, Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 for GEM Listed Companies, and the Company’s Articles of Association.
On April 30, 2026, the Company held the 18th meeting of the seventh board of directors, where it reviewed and approved the proposals for the election of the board of directors and the nomination of candidates for the eighth board of directors, including non-independent and independent directors. The board agreed to elect Mr. Chen Zixiang, Ms. He Jingjing, Ms. Li Tingting, and Mr. Huang Hao, nominated by Jingjiang Industrial, as candidates for non-independent directors of the eighth board. The independent director candidates nominated are Mr. Wang Bing, Mr. Xu Qianquan, and Ms. Liu Jieyin, with Ms. Liu being a professional accountant. The board also agreed to elect Mr. He Jia, nominated by Xinping Huimeng New Energy Technology Co., Ltd., as a candidate for non-independent director, with his resume attached.
The qualifications of the above candidates have been reviewed by the fourth meeting of the nomination committee of the seventh board of directors. Notably, Mr. He Jia has been administratively punished by the China Securities Regulatory Commission (CSRC) within the last thirty-six months due to false records in the Company’s annual reports from 2017 to 2021, which led to a penalty in December 2024. The board believes that Mr. He Jia, having served as chairman and general manager of the Company for a long time, is familiar with the Company's operations and management, possesses rich management experience, and plays a crucial role in the stability of the Company's equity and future strategic planning. After the administrative penalty, he has taken the issues seriously and actively urged the Company to rectify previous violations. Therefore, his election as a director of the eighth board will not affect the Company's compliance operations.
As of the date of this announcement, independent director candidates Mr. Wang Bing and Mr. Xu Qianquan have obtained independent director qualification certificates issued by the Shenzhen Stock Exchange; Ms. Liu Jieyin has not yet obtained the independent director qualification certificate but has committed in writing to participate in the latest independent director training and obtain the certificate recognized by the Shenzhen Stock Exchange. The qualifications and independence of the above independent director candidates must be filed with the Shenzhen Stock Exchange without objection before they can be submitted to the shareholders' meeting for review alongside the non-independent director candidates, using a cumulative voting system for election.