Zhejiang Yanpai Filtration Technology Co., Ltd. (hereinafter referred to as "the Company") held its 2025 annual shareholders' meeting on May 20, 2026, where it reviewed and approved the proposals for the election of the fifth board of directors, including three non-independent directors and three independent directors. Together with the employee representative director elected by the employee representative assembly, they constitute the fifth board of directors of the Company.
On May 25, 2026, the Company convened the first meeting of the fifth board of directors, where it reviewed and approved the election of the chairman, vice chairman, members of the board's special committees, and the appointment of the general manager, deputy general manager, board secretary, financial director, and securities affairs representative. The relevant information is announced as follows:
1. Composition of the Fifth Board of Directors
- Non-independent directors: Mr. Sun Shangze (Chairman), Mr. Chen Ping (Vice Chairman), Mr. Li Zhao;
- Independent directors: Mr. Wang Lizhang, Mr. Zhou Qing, Mr. Wu Yongdong;
- Employee representative director: Mr. Xu Tianheng.
The term of the fifth board of directors is three years, starting from the date of approval by the shareholders' meeting. The number of directors who also serve as senior management and those who are employee representative directors does not exceed half of the total number of directors, and independent directors account for no less than one-third of the board members, including at least one accounting professional. The qualifications and independence of the independent directors have been filed and reviewed by the Shenzhen Stock Exchange without objection. The Company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions. The number of directors complies with relevant regulatory requirements.
The members of the fifth board of directors (resumes attached) meet the qualifications for directors of listed companies as stipulated in relevant laws, regulations, and normative documents. There are no circumstances that disqualify them from serving as directors as specified in the Company Law, the Shenzhen Stock Exchange GEM Listing Rules, the Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Normative Operations of GEM Listed Companies, and the Company’s Articles of Association. They have not been punished by the China Securities Regulatory Commission or other relevant departments, nor have they received disciplinary sanctions from the stock exchange. There are no ongoing criminal investigations or investigations by the China Securities Regulatory Commission for suspected violations of laws and regulations without clear conclusions. They have not been publicly listed as untrustworthy by the China Securities Regulatory Commission or included in the list of dishonest persons subject to enforcement by the people's court.
2. Composition of the Fifth Board of Directors' Special Committees
The fifth board of directors has established four special committees: the Strategy Committee, Audit Committee, Compensation and Assessment Committee, and Nomination Committee. The composition of each special committee is as follows:
- Strategy Committee: Mr. Sun Shangze, Mr. Wang Lizhang, and Mr. Li Zhao are elected as members, with Mr. Sun Shangze serving as the chairman of the Strategy Committee.
- Audit Committee: Mr. Zhou Qing, Mr. Wu Yongdong, and Mr. Chen Ping are elected as members, with Mr. Zhou Qing, an accounting professional, serving as the chairman of the Audit Committee.
- Compensation and Assessment Committee: Mr. Wu Yongdong, Mr. Zhou Qing, and Mr. Sun Shangze are elected as members, with Mr. Wu Yongdong serving as the chairman of the Compensation and Assessment Committee.
- Nomination Committee: Mr. Wang Lizhang, Mr. Zhou Qing, and Mr. Sun Shangze are elected as members, with Mr. Wang Lizhang serving as the chairman of the Nomination Committee.