Securities Code: 301120
Securities Abbreviation: Xinhuadu Electric
Announcement No.: 2026-050
Xinhuadu Special Electric Co., Ltd.
Announcement on the Completion of the Board of Directors Election and Appointment of Senior Management and Securities Affairs Representatives
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.
Xinhuadu Special Electric Co., Ltd. (hereinafter referred to as the "Company" or "Xinhuadu Electric") held its 2026 Second Extraordinary General Meeting of Shareholders on August 4, 2026. The meeting deliberated and passed the "Proposal on the Election of the Board of Directors and Nomination of Non-Independent Directors for the Sixth Board of Directors" and the "Proposal on the Election of the Board of Directors and Nomination of Independent Directors for the Sixth Board of Directors." The Company's Board of Directors has completed its election. On the same day, the Company held the First Meeting of the Sixth Board of Directors, electing the Chairman of the Sixth Board of Directors, members of the specialized committees of the Board, and appointing the Company's senior management and securities affairs representatives. The relevant matters are hereby announced as follows:
I. Composition of the Sixth Board of Directors
(I) Members of the Sixth Board of Directors
The Sixth Board of Directors is composed of 8 directors, including 5 non-independent directors and 3 independent directors. The members are as follows:
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Non-independent Directors: Mr. Tan Yong (Chairman), Ms. Zhao Yunyun, Mr. Zong Baofeng, Mr. Chen Peizhi, Mr. Zhu Yanchen;
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Independent Directors: Mr. Shu Dong, Mr. Zhao Hechun, Mr. Jin Tao.
The term of office for the Sixth Board of Directors shall be three years from the date of deliberation and approval by the 2026 Second Extraordinary General Meeting of Shareholders.
The qualifications of the above-mentioned personnel meet the requirements of the "Company Law," the "Listing Rules of the Shenzhen Stock Exchange for GEM Stocks," the "Shenzhen Stock Exchange's Self-Regulatory Guidelines for GEM Listed Companies - Standardized Operation of GEM Listed Companies," and other laws, regulations, and the "Articles of Association." The number of directors concurrently serving as senior management personnel does not exceed half of the total number of directors, and the number of independent directors is not less than one-third of the total number of board members. Their qualifications and independence have been filed with and reviewed by the Shenzhen Stock Exchange without objection.
(II) Composition of the Specialized Committees of the Sixth Board of Directors
The Sixth Board of Directors has established four specialized committees: the Audit Committee, the Strategy Committee, the Nomination Committee, and the Remuneration and Appraisal Committee. The composition of the members of each specialized committee is as follows:
(1) Audit Committee: Mr. Zhao Hechun (Convener), Mr. Shu Dong, Mr. Zhu Yanchen;
(2) Strategy Committee: Mr. Tan Yong (Convener), Ms. Zhao Yunyun, Mr. Zhu Yanchen, Mr. Chen Peizhi, Mr. Jin Tao;
(3) Nomination Committee: Mr. Jin Tao (Convener), Mr. Zong Baofeng, Mr. Zhao Hechun;
(4) Remuneration and Appraisal Committee: Mr. Shu Dong (Convener), Mr. Tan Yong, Mr. Jin Tao.
All members of the specialized committees are directors. Among them, independent directors constitute the majority and serve as conveners in the Audit Committee, Nomination Committee, and Remuneration and Appraisal Committee. Mr. Zhao Hechun, the convener of the Audit Committee, is a professional accountant, which meets the requirements of relevant regulations.
The term of office for the above members shall commence from the date of deliberation and approval of the First Meeting of the Sixth Board of Directors until the expiration of the term of the Sixth Board of Directors.