Securities Code: 300454 Securities Abbreviation: Sangfor Technologies Announcement Number: 2026-058
Sangfor Technologies Co., Ltd. Announcement on the Completion of the Election of the Board of Directors and the Appointment of Senior Management and Securities Affairs Representatives
The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Sangfor Technologies Co., Ltd. (hereinafter referred to as the "Company") held its 2025 Annual General Meeting of Shareholders and the Company's Employee Representative Meeting on June 3, 2026, electing all directors for the fourth Board of Directors. On June 16, 2026, the Company convened the first meeting of the fourth Board of Directors, electing the Chairman, Vice Chairman, and members of the specialized committees of the Board, and appointing the Company's senior management and securities affairs representatives. The specific details are hereby announced as follows:
I. Election of the Board of Directors
(I) Election of Directors
On June 3, 2026, the Company held its 2025 Annual General Meeting of Shareholders. This meeting adopted the cumulative voting system to elect Mr. He Chaomeng, Mr. Xiong Wu, Mr. Feng Yi, and Mr. Xiao Liye as non-independent directors of the fourth Board of Directors. Messrs. Ye Qinhua, Qian Zhen, and Wang Dequan were elected as independent directors of the fourth Board of Directors. On the same day, the Company held its Employee Representative Meeting. Through voting by the attending representatives, Mr. Jiang Wenguang was elected as the employee representative director of the fourth Board of Directors. The four non-independent directors, three independent directors, and one employee representative director elected at this shareholders' meeting jointly form the fourth Board of Directors of the Company. The term of office shall be three years from the date of approval by the Company's 2025 Annual General Meeting of Shareholders. The personal resumes of the directors of the fourth Board of Directors are detailed in the appendix.
(II) Election of Chairman, Vice Chairman, and Members of the Board's Specialized Committees
On June 16, 2026, the Company convened the first meeting of the fourth Board of Directors. All directors unanimously agreed to elect Mr. He Chaomeng as the Chairman of the Company and Mr. Xiong Wu as the Vice Chairman of the Company. The members of the fourth Board of Directors' Strategy Committee, Audit Committee, Nomination and Remuneration Committee, and Nomination Committee were also elected. The details are as follows:
| Specialized Committee | Chairman (Convener) | Member |
|---|---|---|
| Audit Committee | Ye Qinhua | Wang Dequan, Qian Zhen |
| Strategy Committee | He Chaomeng | Xiong Wu, Feng Yi |
| Nomination Committee | Qian Zhen | He Chaomeng, Wang Dequan |
| Nomination and Remuneration Committee | Wang Dequan | Xiong Wu, Ye Qinhua |
Among them, independent directors account for the majority and serve as chairmen (conveners) of the Company's Audit Committee, Nomination and Remuneration Committee, and Nomination Committee. The Chairman of the Audit Committee, Mr. Ye Qinhua, is a professional in accounting, which complies with relevant laws, regulations, and the Articles of Association. The term of office for the members of the specialized committees of the fourth Board of Directors shall be until the expiration of the term of the fourth Board of Directors.
II. Appointment of Senior Management and Securities Affairs Representatives
On June 16, 2026, the Company convened the first meeting of the fourth Board of Directors and approved the "Proposal on the Appointment of Senior Management and Securities Affairs Representatives of the Company." The specific members are as follows: