Stock Code: 301353
Stock Abbreviation: Puda
Announcement Number: 2026-030
Zhejiang Puda Electric Co., Ltd.
Announcement on the Election of the Board of Directors
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.
The term of office of the second Board of Directors of Zhejiang Puda Electric Co., Ltd. (hereinafter referred to as the "Company") is about to expire. In accordance with the "Company Law," the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 - Standardized Operation of GEM Listed Companies," and other laws, regulations, normative documents, and the "Articles of Association," the Company convened the 20th meeting of the second Board of Directors on July 10, 2026. The meeting deliberated and passed the "Proposal on the Election of the Board of Directors and Nomination of Candidates for Non-Independent Directors of the Third Board of Directors" and the "Proposal on the Election of the Board of Directors and Nomination of Candidates for Independent Directors of the Third Board of Directors." The election of the Board of Directors will be conducted in accordance with relevant legal procedures. The specific situation is as follows:
I. Candidates for the Third Board of Directors
The third Board of Directors of the Company will be composed of 8 directors, including 4 non-independent directors, 3 independent directors, and 1 employee representative director. After review by the Nomination Committee of the Board of Directors, the Board of Directors agreed to nominate Mr. Yang Weiming, Mr. Han Ting, Ms. Ding Xiaozhen, and Mr. Yang Chengkao as candidates for non-independent directors of the third Board of Directors; and agreed to nominate Ms. Chen Xiqin, Mr. Weng Chaodao, and Mr. Sun Minhu as candidates for independent directors of the third Board of Directors.
The resumes of the above candidates are detailed in the appendix.
After the above candidates are approved by the Company's shareholders' meeting, they will, together with 1 employee representative director elected by the Company's employee representative meeting, form the third Board of Directors of the Company, with a term of office of three years from the date of approval by the shareholders' meeting.
II. Qualifications and Review Procedures for Director Candidates
The Nomination Committee of the Board of Directors has reviewed the qualifications of the above director candidates and believes that the candidates for director of the third Board of Directors meet the qualification and conditions for directors stipulated in the "Company Law," the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 - Standardized Operation of GEM Listed Companies," and other laws, regulations, and the "Articles of Association." Ms. Chen Xiqin, Mr. Weng Chaodao, and Mr. Sun Minhu, candidates for independent directors, have obtained independent director qualification certificates in accordance with the requirements of the "Management Measures for Independent Directors of Listed Companies," and possess the relevant accounting or economic work experience necessary for performing independent director duties.
The proportion of independent directors on the third Board of Directors of the Company is not less than one-third of the total number of directors. The total number of directors concurrently serving as senior management personnel and employee representatives on the Board of Directors does not exceed one-half of the total number of directors of the Company.
In accordance with the "Company Law," the "Articles of Association," and other regulations, the above director candidates still need to be submitted to the Company's second extraordinary general meeting of shareholders in 2026 for review and voting by cumulative voting. Among them, the qualifications and independence of independent director candidates need to be filed and reviewed by the Shenzhen Stock Exchange and found to have no objections before they can be submitted to the Company's shareholders' meeting for review.