Announcement Regarding Resignation of Directors, Resignation of Board Secretary, Election of Fourth Board of Directors Non-Independent Directors, and Appointment of Company Board Secretary and Deputy General Manager
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
I. Resignation of Company Directors and Board Secretary
The Board of Directors of Zhejiang Runyang New Material Technology Co., Ltd. (hereinafter referred to as the "Company") recently received the written resignation report from Mr. Yang Xueyu, a non-independent director and the Board Secretary. Due to internal work adjustments, Mr. Yang Xueyu has resigned from his positions as a non-independent director of the Fourth Board of Directors, a member of the Remuneration and Nomination Committee, and the Board Secretary. After resigning from these positions, Mr. Yang Xueyu will continue to hold other positions in the Company. Mr. Yang Xueyu's aforementioned positions were originally scheduled to expire on January 30, 2027.
As of the date of this announcement, Mr. Yang Xueyu does not directly or indirectly hold any shares in the Company.
The resignation of non-independent director Mr. Yang Xueyu does not reduce the number of directors on the Company's board below the legally required minimum, and will not affect the normal operation of the Company's board of directors. His resignation report shall take effect from the date it is delivered to the Board of Directors. Given that the number of directors stipulated in the "Articles of Association" is 9, the Company's board of directors will complete the director election work as soon as possible in accordance with relevant regulations.
The Board of Directors sincerely thanks Mr. Yang Xueyu for his contributions to the Company's development during his tenure as a director and Board Secretary!
II. Election of Non-Independent Directors
In accordance with the relevant provisions of the "Company Law," "Securities Law," and other laws and regulations, and the "Articles of Association," to ensure the standardized operation of the Company's board of directors, the Company's board of directors nominates Mr. Peng Jiaoyuan as a candidate for a non-independent director of the Fourth Board of Directors (personal resume is attached). After the qualification review by the Nomination Committee of the Fourth Board of Directors, Mr. Peng Jiaoyuan meets the qualification requirements for directors of listed companies as stipulated by the "Company Law" and other relevant laws and regulations and the "Articles of Association."
The Fourth Board of Directors of the Company held its twenty-fifth meeting on March 30, 2026, and deliberated and approved the "Proposal on Electing Peng Jiaoyuan as a Non-Independent Director of the Fourth Board of Directors." It was agreed to nominate Mr. Peng Jiaoyuan as a candidate for a non-independent director of the Fourth Board of Directors and to submit it to the shareholders' meeting for deliberation. His term of office will commence from the date of approval by the shareholders' meeting until the expiration of the term of the Fourth Board of Directors.