Stock Code: 301607
Stock Abbreviation: Futetech
Announcement No.: 2026-041
Zhejiang Futetech Co., Ltd.
Announcement on the Election of the Board of Directors
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
The term of office of the third Board of Directors of Zhejiang Futetech 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 Listed Company Self-Regulatory Management Guidelines No. 2 - Standardized Operation of GEM Listed Companies," and other laws, regulations, and the "Articles of Association," the Company is conducting the election of a new Board of Directors.
On June 11, 2026, the Company held the 20th meeting of the third Board of Directors, which reviewed and approved the "Proposal on the Election of Candidates for the Fourth Board of Directors" and the "Proposal on the Election of Independent Director Candidates for the Fourth Board of Directors" respectively. In accordance with the "Articles of Association," the fourth Board of Directors will be composed of 7 directors, including 4 non-independent directors (including 1 employee representative director elected by the employee representative assembly) and 3 independent directors. The Board of Directors agreed to nominate Mr. Li Ningchuan, Mr. Liang Yiqiao, and Mr. Li Yan as candidates for non-independent directors of the fourth Board of Directors (resumes are detailed in Appendix 1); and nominated Mr. Shen Jianxin, Mr. Chen Longchun, and Mr. Li Wuhua as candidates for independent directors of the fourth Board of Directors (resumes are detailed in Appendix 2), of whom Mr. Chen Longchun is a professional accountant.
The Nomination Committee of the third Board of Directors has reviewed the qualifications of the above director candidates and believes that they meet the director qualification requirements stipulated in the "Company Law," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Standardized Operation of GEM Listed Companies," and the "Articles of Association." The proportion of independent director candidates is not less than one-third of the total board members, and the total number of directors concurrently serving as senior management personnel and employee representative directors does not exceed one-half of the total number of directors. The above independent director candidates, Mr. Shen Jianxin, Mr. Chen Longchun, and Mr. Li Wuhua, have obtained the qualification certificates for independent directors of listed companies. The qualifications of these independent director candidates are subject to the review and no objection from the Shenzhen Stock Exchange before they can be submitted, along with the other 3 non-independent director candidates, to the Company's first extraordinary general meeting of shareholders in 2026 for review and voting item by item using cumulative voting.
After the election by the general meeting of shareholders, the above 6 directors, together with 1 employee representative director elected by the employee representative assembly, will form the fourth Board of Directors of the Company. The term of office will be three years from the date of approval by the first extraordinary general meeting of shareholders in 2026. The term of office for independent director Mr. Shen Jianxin will be from the date of approval by the first extraordinary general meeting of shareholders in 2026 until July 7, 2028.
To ensure the normal operation of the Board of Directors, the members of the third Board of Directors will continue to perform their duties as directors before the directors of the fourth Board of Directors take office, in accordance with the requirements of laws, administrative regulations, other normative documents, and the "Articles of Association." After the completion of this board election, Mr. Ni Bin, Mr. He Kun, Mr. Luo Mingmin, and Mr. Qian Hui, members of the third Board of Directors, will no longer serve as directors of the Company. The Company expresses its sincere gratitude to all members of the third Board of Directors for their contributions during their tenure.
Hereby announced.
Board of Directors
June 12, 2026