Stock Code: 300580
Stock Abbreviation: Best
Announcement No.: 2026-026
Wuxi Best Precision Machinery Co., Ltd.
Announcement on the Election of the Board of Directors
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
The term of the fourth Board of Directors of Wuxi Best Precision Machinery Co., Ltd. (hereinafter referred to as the "Company") has expired. In accordance with the "Company Law of the People's Republic of China," the "Main Board Listing Rules of the Shenzhen Stock Exchange," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Norms for the Operation of Listed Companies on the Main Board," and the "Articles of Association" and "Rules of Procedure for Board Meetings," the Company will proceed with the election of a new Board of Directors according to the relevant procedures.
On June 12, 2026, the Company held the 24th meeting of the fourth Board of Directors and the 4th Special Meeting of Independent Directors of the fourth 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 Fifth Board of Directors" and the "Proposal on the Election of the Board of Directors and Nomination of Candidates for Independent Directors of the Fifth Board of Directors." These proposals will be submitted to the Company's first extraordinary general meeting of shareholders in 2026 for deliberation and will be voted on item by item using the cumulative voting system. The relevant matters are hereby announced as follows:
I. Composition and Term of the Fifth Board of Directors
In accordance with the "Articles of Association," the fifth Board of Directors of the Company will be composed of 5 directors, including 3 non-independent directors (including 1 employee representative director) and 2 independent directors. The term of the fifth Board of Directors will commence from the date of election and approval at the first extraordinary general meeting of shareholders in 2026 and will last for three years.
II. Candidates for the Fifth Board of Directors
Upon deliberation and approval by the 4th Special Meeting of Independent Directors of the fourth Board of Directors on June 12, 2026, the Board of Directors agreed to nominate Mr. Cao Yu Hua and Ms. Cao Yi as candidates for non-independent directors of the fifth Board of Directors; and to nominate Mr. Wu Mei Sheng and Mr. Wu Ding Hui as candidates for independent directors of the fifth Board of Directors, with Mr. Wu Mei Sheng being a professional accountant. The resumes of the above candidates are detailed in the appendix.
The eligibility and independence of the independent director candidates need to be filed with and reviewed by the Shenzhen Stock Exchange. If no objection is raised, they can be voted on at the general meeting of shareholders.
Independent director candidate Mr. Wu Mei Sheng has obtained the qualification certificate for independent directors; Mr. Wu Ding Hui has pledged to participate in the next independent director training and obtain the qualification certificate for independent directors recognized by the Shenzhen Stock Exchange.
Independent director candidates have not served as independent directors in more than three domestic listed companies, nor have they served for more than six consecutive years in the Company.
III. Other Matters
- The 4th Special Meeting of Independent Directors of the fourth Board of Directors on June 12, 2026, reviewed the eligibility of the candidates for directors of the fifth Board of Directors and issued an audit opinion. The candidates for directors of the fifth Board of Directors meet the requirements of laws and regulations such as the "Company Law of the People's Republic of China," the "Main Board Listing Rules of the Shenzhen Stock Exchange," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Norms for the Operation of Listed Companies on the Main Board," as well as the "Articles of Association." The proportion of independent directors is not less than one-third o