Jihua Group (601718): Chairman Changes And Adjusts Members Of Special Committees Of The Board Of Directors

On April 1, Jihua Group (601718) announced that the company held the 18th meeting of the 5th Board of Directors on March 30, 2023, and reviewed and passed the proposals on Election of the Chairman of the 5th Board of Directors and Adjustment of the Special Committee Members of the 5th Board of Directors. The details are as follows:

1、 Election of chairman of the company

The Board of Directors recently received a written resignation report from Mr. Wu Tongxing. Mr. Wu Tongxing applied to resign as chairman, director, chairman of the strategy committee of the board of directors and member of the nomination committee of the board of directors due to work needs. The resignation of Mr. Wu Tongxing will not cause the number of the board of directors of the company to be lower than the quorum, and will not affect the normal operation of the board of directors of the company. In accordance with the relevant provisions of the Company Law and the Articles of Association, Mr. Wu Tongxing's resignation report takes effect from the date when it is delivered to the Board of Directors. During his term of office, Mr. Wu Tongxing was conscientious, diligent, overcame difficulties, and innovated. The board of directors of the company expressed heartfelt thanks to Mr. Wu Tongxing for his contributions to the development of the company!

At the 18th meeting of the 5th Board of Directors of the Company, the proposal on Election of the Chairman of the 5th Board of Directors of the Company was reviewed and passed, and Xia Qianjun, the director of the Company, was elected as the chairman of the 5th Board of Directors of the Company for a term of office from the date of approval by the Board of Directors to the date of expiration of the term of office of the 5th Board of Directors of the Company.

According to the relevant provisions of the Articles of Association, the chairman of the board of directors is the legal representative of the company, and the legal representative of the company is correspondingly changed to Mr. Xia Qianjun. The company will timely handle the industrial and commercial registration of changes in the legal representative and other matters.

Mr. Xia Qianjun's resume is as follows:

Mr. Xia Qianjun, male, born in 1969, Chinese nationality, without overseas residency. Master degree, senior engineer. He joined the work in 1991 and successively served as technician of the 3521 Factory of the Chinese People's Liberation Army, manager of the Jiabao Shoes Material Base, director of the Shoes Material Base of the Science and Technology Department, director of the nonwoven filter material branch factory, and manager of the Shoes Material Line of the Science and Technology Department; Director, Deputy Secretary of the Party Committee, General Manager, Secretary of the Party Committee and Chairman of Nanjing Jihua 3521 Special Equipment Co., Ltd; The General Manager Assistant of Jihua Group Co., Ltd. is also the Executive Director of Nanjing Jihua 3521 Special Equipment Co., Ltd. He is now the Deputy Secretary of the Party Committee, Director and General Manager of Jihua Group Co., Ltd.

2、 Adjustment of members of special committees under the 5th Board of Directors

In view of the change of the members of the Board of Directors, in order to ensure the normal and orderly work of each special committee of the Board of Directors, in accordance with the Company Law, the Articles of Association, the rules of procedure of each special committee of the Board of Directors and other relevant provisions, the Board of Directors agreed to adjust the members of the fifth special committee of the Board of Directors, The composition of each special committee under the 5th Board of Directors of the Company is as follows:

Strategy Committee: Xia Qianjun (Chairman), Chen Xiangdong, Yang Dajun, Xu Jian, Lu Yehu

Audit and Risk Management Committee: Zhang Jide (Chairman), Xu Jian, Shi Junlong

Nomination Committee: Xu Jian (Chairman), Lu Yehu, Xia Qianjun

Remuneration and Assessment Committee: Lu Yehu (Chairman), Zhang Jide, Chen Xiangdong

The term of office of the members of the above special committees starts from the date of approval by the Board of Directors of the Company and ends on the date of expiration of the term of office of the current Board of Directors.