Hangzhou Guotai Environmental Technology Co., Ltd. (hereinafter referred to as "the Company") guarantees that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
The term of the fourth board of directors of the Company is about to expire. In accordance with the "Company Law of the People's Republic of China," "Administrative Measures for Independent Directors of Listed Companies," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies," and other relevant laws, regulations, and the Company's Articles of Association, the Company will conduct the election for the board of directors and hold the 18th meeting of the fourth board of directors on June 1, 2026, to review and approve the proposals regarding the election of the board of directors and the nomination of candidates for the fifth board of directors.
I. Composition of the Fifth Board of Directors
The fifth board of directors of the Company will consist of 9 directors, including 1 employee representative director elected democratically by the employee representative assembly. Additionally, 5 non-independent directors and 3 independent directors will be elected by the shareholders' meeting. The term of office for directors will be three years, starting from the date of election approval by the shareholders' meeting.
II. Candidate Information for the Fifth Board of Directors
After qualification review by the Company's nomination committee, the board of directors has agreed to nominate Mr. Chen Baixiao, Mr. Xia Yukun, Ms. Chen Huaqin, Mr. Liu Xiang, and Mr. Li Qingjie as candidates for non-independent directors of the fifth board; and Mr. Ying Jing, Mr. Jiang Xianpin, and Mr. Shen Linhua as candidates for independent directors. Among them, Mr. Jiang Xianpin and Mr. Shen Linhua are accounting professionals (detailed resumes of the candidates are attached). As of the date of this announcement, independent director candidates Mr. Jiang Xianpin and Mr. Shen Linhua have obtained independent director qualification certificates; candidate Mr. Ying Jing has not yet obtained the independent director qualification certificate but has committed in writing to participate in independent director qualification training and obtain a qualification certificate recognized by the Shenzhen Stock Exchange.
III. Election Method for the Fifth Board of Directors
The qualifications and independence of the three independent director candidates must be filed with the Shenzhen Stock Exchange for review without objection before they can be submitted together with the other five non-independent director candidates for consideration at the Company's second extraordinary shareholders' meeting in 2026, where cumulative voting will be used for each candidate. Upon approval by the shareholders' meeting, these candidates will form the fifth board of directors along with the employee representative director elected by the employee representative assembly, with a term of three years starting from the date of approval by the shareholders' meeting.
IV. Other Matters
- The nomination committee of the fifth board of directors has reviewed the qualifications of the above candidates and believes they meet the relevant provisions of the "Company Law of the People's Republic of China," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange," and the Company's Articles of Association. The number of independent directors will not be less than one-third of the board members, and the number of directors who also serve as senior management or employee representatives will not exceed half of the total number of directors. There are no cases of independent directors serving more than six years in this Company.
- To ensure the normal operation of the board of directors, the members of the fourth board will continue to faithfully and diligently perform their duties in accordance with laws, regulations, departmental rules, normative documents, and the Company's Articles of Association until the new board is in place.