Shanxi Xinghuacun Fen Wine Factory Co., Ltd. announced on April 14 that its board of directors received the resignation letter from director Mr. Wang Yan on April 13. Due to an internal transfer to China Resources Group, Mr. Wang Yan has applied to resign from his positions as a company director and member of the board's strategy committee. Following his resignation from these roles, he will no longer hold any other positions within the company. Mr. Wang Yan's resignation became effective upon the delivery of his resignation letter to the board.
The announcement indicated that Mr. Wang Yan's original term was scheduled to expire on September 18, 2028. As of the announcement date, Mr. Wang Yan did not hold any shares in the company, had no unfulfilled commitments, confirmed no disagreements with the board of directors, and noted no matters requiring the attention of shareholders or creditors related to his resignation.
According to the Company Law and the company's articles of association, Mr. Wang Yan's resignation will not reduce the number of board and audit committee members below the statutory minimum. It will also not cause the proportion of directors who are senior executives or employee representatives to exceed half of the total board membership. His resignation is effective immediately and will not impact the company's normal operations.
Following Mr. Wang Yan's departure, the company's second-largest shareholder, Huachuang Xinrui, will nominate a new director candidate. The company stated that during his tenure, Mr. Wang Yan was diligent and dedicated, playing a positive role in enhancing the board's decision-making科学性 and promoting the company's standardized operations and healthy development. The company and its board expressed sincere gratitude for Mr. Wang Yan's contributions during his service.
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