Securities Code: 300718
Securities Abbreviation: Changsheng Bearing
Announcement Number: 2026-026
Zhejiang Changsheng Sliding Bearing Co., Ltd.
Announcement on the Election of the Board of Directors
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false records, misleading statements, or significant omissions.
The term of the 5th Board of Directors of Zhejiang Changsheng Sliding Bearing Co., Ltd. (hereinafter referred to as the "Company") is about to expire. In accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), "Shenzhen Stock Exchange GEM Company Self-Regulatory Supervision Guidelines No. 2 - Standardized Operation of GEM Companies," and the "Articles of Association," the Company is conducting the election of a new Board of Directors according to relevant legal procedures. The relevant matters are hereby announced as follows:
On August 19, 2026, the Company held the 11th meeting of the 5th Board of Directors, which reviewed and approved the "Proposal on the Election of the Board of Directors and Nomination of Non-Independent Director Candidates for the 6th Board of Directors" and the "Proposal on the Election of the Board of Directors and Nomination of Independent Director Candidates for the 6th Board of Directors." The Board of Directors nominated Mr. Sun Zhihua, Mr. Chu Jian, Mr. Lu Xiaolin, Mr. Cao Yinchao, and Mr. Fei Guoping as candidates for non-independent directors of the 6th Board of Directors (resumes are detailed in the appendix). Ms. Wan Yuanxing, Ms. Xue Bingying, and Ms. Yang Wei were nominated as candidates for independent directors of the 6th Board of Directors (resumes are detailed in the appendix).
Upon election by the Company's shareholders' meeting, the above director candidates, together with the employee representative directors elected by the Company's employee representative assembly, will form the 6th Board of Directors of the Company. The number of candidates for the 6th Board of Directors who concurrently hold senior management positions in the Company and the number of employee representative directors do not exceed one-half of the total number of directors of the Company. Independent director candidates do not have a tenure of more than six years as independent directors of the Company, and the proportion of independent director candidates is not less than one-third of the total number of directors, which complies with relevant laws and regulations. Independent director candidates need to be reviewed and approved by the Shenzhen Stock Exchange before being submitted to the shareholders' meeting for deliberation.
To ensure the normal operation of the Board of Directors, the original directors will continue to perform their duties in accordance with laws, regulations, normative documents, and the "Articles of Association" until the new Board of Directors is established.
Mr. Chen Shuda, an independent director of the Company, began serving as an independent director on September 4, 2020. According to the relevant provisions of the "Administrative Measures for Independent Directors of Listed Companies," the tenure of independent directors shall not exceed six years.
After the independent directors of the new Board of Directors take office, Mr. Chen Shuda will no longer serve as an independent director of the Company and will not hold any position in the Company after his departure. As of the date of this announcement, Mr. Chen Shuda does not directly or indirectly hold any shares of the Company and has no outstanding commitments that need to be fulfilled.
Mr. Ma Zhengliang, an independent director of the Company, began serving as an independent director on September 4, 2020. According to the relevant provisions of the "Administrative Measures for Independent Directors of Listed Companies," the tenure of independent directors shall not exceed six years.
After the independent directors of the new Board of Directors take office, Mr. Ma Zhengliang will no longer serve as an independent director of the Company and will not hold any position in the Company after his departure. As of the date of this announcement, Mr. Ma Zhengliang does not directly or indirectly hold any shares of the Company and has no outstanding commitments that need to be fulfilled.
The Company and its Board of Directors express their sincere gra