The company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free of any false records, misleading statements, or significant omissions.
Given that the term of the 5th Board of Directors of Xingfu Blue Ocean Film and Television Culture Co., Ltd. (hereinafter referred to as the "Company") has expired, and in order to adapt to the Company's current business operations and future development needs, further improve the corporate governance structure, and promote sustainable development, in accordance with the "Company Law," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Norms for Operation of GEM Listed Companies," and the "Articles of Association," and the "Board of Directors Meeting Rules," the Company has decided to proceed with the election of a new Board of Directors through relevant legal procedures. In accordance with the "Articles of Association," the Company's Board of Directors shall consist of 9 directors, including 6 non-independent directors and 3 independent directors.
On August 10, 2026, the Company held the 18th meeting of the 5th Board of Directors, which deliberated and approved the "Proposal on the Election of the Board of Directors and Nomination of Candidates for Non-Independent Directors of the 6th Board of Directors" and the "Proposal on the Election of the Board of Directors and Nomination of Candidates for Independent Directors of the 6th Board of Directors." Following deliberation and nomination at the 18th meeting of the 5th Board of Directors, there are 6 candidates for non-independent directors for the 6th Board of Directors: Mr. Ren Tong, Mr. Zhang Yanding (concurrently serving as a senior management member of the Company), Ms. Pei Shushu, Mr. Wang Yawen (concurrently serving as a senior management member of the Company), Ms. Ding Aiping, and Mr. Tian Lei. There are 3 candidates for independent directors for the 6th Board of Directors: Mr. Wang Huijin, Mr. Leng Song, and Mr. Huang Guoxiong. The number of directors who concurrently serve as senior management members of the Company and directors appointed by employee representatives does not exceed one-half of the total number of directors of the Company. Resumes are detailed in the appendix.
The aforementioned proposals need to be submitted for deliberation at the Company's first extraordinary general meeting of shareholders in 2026 (independent director candidates can only be submitted to the shareholders' meeting after being reviewed and approved by the exchange without objection). The term of the 6th Board of Directors shall be three years from the date of election and approval at the Company's first extraordinary general meeting of shareholders in 2026. The resumes of the above candidates are detailed in the appendix.
In accordance with relevant regulations, to ensure the normal operation of the Board of Directors, the current directors of the 5th Board of Directors will continue to perform their duties until the new Board of Directors is established, and will automatically step down on the day the new Board of Directors is established.
The independent director Mr. Zheng Guohua and the non-independent director Ms. Yang Yu of the 5th Board of Directors will not serve as directors of the Company in the new Board of Directors, nor will they hold any other positions in the Company. The non-independent director Mr. Meng Qingfeng of the 5th Board of Directors will not serve as a director of the Company in the new Board of Directors, but will continue to hold a position in the Company.
During their tenure as directors of the Company, Mr. Zheng Guohua, Ms. Yang Yu, and Mr. Meng Qingfeng have not directly or indirectly held any shares in the Company, nor have they failed to fulfill any commitments.