CHINA TELECOM (00728) announced that, in accordance with the relevant regulations of the China Securities Regulatory Commission regarding the tenure of independent directors, Mr. Yang Zhiwei (Mr. Yang) has resigned from his positions as Independent Non-Executive Director, Chairman and Member of the Remuneration Committee, and Member of the Audit Committee and Nomination Committee, as his continuous service as an Independent Non-Executive Director of the company has reached the stipulated term.
To ensure the normal operation of the Board and its specialized committees, Mr. Yang's resignation will take effect upon the election of a new Independent Non-Executive Director at the company's upcoming extraordinary general meeting.
Meanwhile, the Board has proposed that shareholders approve the election of Mr. Li Huiguang (Mr. Li) as the company's Independent Non-Executive Director at the extraordinary general meeting. Upon election, Mr. Li will also serve as Chairman and Member of the Remuneration Committee, as well as Member of the Audit Committee and Nomination Committee. These appointments will take effect from the date of approval at the extraordinary general meeting and will remain in force until the company's 2025 annual general meeting in 2026.
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