Stock Code: 301329
Stock Abbreviation: Xinyin Electronics
Announcement No.: 2026-024
Xinyin Electronics (China) Co., Ltd.
Announcement on the Election of Non-Independent Director, Chairman, and Members of the Board's Special Committees of the Sixth Session
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Given that Mr. Lin Maoxian, Chairman of Xinyin Electronics (China) Co., Ltd. (hereinafter referred to as the "Company"), has applied to the Board of Directors to resign from his positions as Chairman, Director, Chairman of the Strategy Committee (Convener), and Member of the Sixth Board of Directors, and has also resigned as the legal representative of the Company (for details, please refer to the "Announcement on the Resignation of the Chairman" disclosed by the Company on the CNINFO website (http://www.cninfo.com.cn) on April 13, 2026). In accordance with the "Company Law," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Normative Operation of GEM Listed Companies," and the "Articles of Association," the Company held the eighth meeting of the Sixth Board of Directors on June 12, 2026, and reviewed and approved the "Proposal on Electing a Non-Independent Director for the Sixth Board of Directors," the "Proposal on Electing the Chairman of the Sixth Board of Directors," and the "Proposal on Electing a Member and Chairman of the Strategy Committee of the Sixth Board of Directors." The relevant matters are hereby announced as follows:
I. Election of a Non-Independent Director for the Sixth Board of Directors
Upon review of the qualifications by the Nomination Committee, the Board of Directors agreed to nominate Mr. Li Yuefeng as a candidate for the non-independent director of the Sixth Board of Directors. His term of office shall commence from the date of approval by the Company's shareholders' meeting until the expiration of the term of the Sixth Board of Directors.
After the current election of non-independent directors, the number of directors who concurrently hold senior management positions and directors elected by employees shall not exceed one-half of the total number of directors of the Company. This election of non-independent directors is subject to approval by the Company's shareholders' meeting to take effect.
Mr. Li Yuefeng possesses the necessary qualifications for his position and does not have any circumstances that would prevent him from serving as a director as stipulated by the "Company Law of the People's Republic of China," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Normative Operation of GEM Listed Companies," and the "Articles of Association." His qualifications are legal and his appointment is in compliance with le