Shanghai Feikai Materials Technology Co., Ltd. (hereinafter referred to as "the Company") announces that the fifth board of directors was elected at the 2023 annual general meeting of shareholders, with a term of three years now completed. In accordance with the Company Law of the People's Republic of China, the Shenzhen Stock Exchange GEM Listing Rules, the Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 for Listed Companies on the GEM, as well as the Company’s Articles of Association and Board Meeting Rules, the Company will proceed with the election of the board of directors following the relevant procedures.
On April 30, 2026, the Company convened the 33rd meeting of the fifth board of directors, which approved the proposals regarding the election of the board of directors and the nomination of candidates for the sixth board of directors, both independent and non-independent. These proposals will be submitted to the 2025 annual general meeting of shareholders for review and will be voted on individually using a cumulative voting system. The relevant matters are announced as follows:
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Composition and Term of the Sixth Board of Directors According to the provisions of the Articles of Association, the sixth board of directors will consist of 9 directors, including 3 independent directors and 1 employee representative director. The term of office for directors will be three years from the date of election approval at the relevant shareholders' meeting.
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Candidates for the Sixth Board of Directors After review by the Board Nomination Committee, the board has agreed to nominate Mr. Zhang Jinshan, Mr. Meng Deqing, Mr. Wang Zhijin, and Mr. Lu Chun as candidates for non-independent directors, and Mr. Shen Xiaoliang, Mr. Feng Yang, and Mr. Tang Zhonghui as candidates for independent directors. The resumes of the aforementioned candidates are attached. Mr. Feng Yang, a candidate for independent director, is a professional accountant. All three independent director candidates have guaranteed the authenticity, accuracy, and completeness of the information disclosed by the Company and all board members, with no false records, misleading statements, or significant omissions.
The qualifications and independence of the independent director candidates must be reviewed and approved by the Shenzhen Stock Exchange before being submitted to the shareholders' meeting for consideration. After the candidates are elected by cumulative voting at the shareholders' meeting, they will form the sixth board of directors together with the employee representative director elected democratically by the employee representative assembly.
- Other Explanatory Matters
- The Company’s Board Nomination Committee has reviewed the qualifications of the candidates for the sixth board of directors and issued a review opinion. The candidates meet the requirements of the Company Law of the People's Republic of China, the Shenzhen Stock Exchange GEM Listing Rules, and the Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 for Listed Companies on the GEM. The proportion of independent directors is not less than one-third of the board members, and the total number of directors who also serve as senior management or as employee representative directors does not exceed half of the total number of directors.
- Mr. Tu Bin, an independent director of the fifth board, will no longer hold any position in the Company after the completion of this election. The Company expresses its heartfelt gratitude for his contributions during his tenure.
- To ensure the normal operation of the board, all members of the fifth board will continue to perform their duties in accordance with laws, regulations, normative documents, and the Articles of Association until the new board is inaugurated, and shall not engage in any actions that harm the interests of the Company and its shareholders.