Qilu Expressway Company Limited (01576.HK) announced on 26 June 2026 that the re-election of its Board of Directors, originally due when the current term ends on 27 June 2026, will be postponed as preparatory work is still in progress.
To ensure uninterrupted governance, the mandates of all directors serving in the third Board session—along with those of the Board committees and senior management—will automatically extend until a new Board is elected at a forthcoming general meeting and formally assumes office.
The company stated that, under the Company Law of the People’s Republic of China and its Articles of Association, all existing directors and senior executives will continue to discharge their duties in compliance with relevant regulations during the extended period.
Management emphasized that the postponement will not affect the normal operations of the group and pledged timely disclosure as the re-election process advances.
Current Board composition: • Executive Directors: Li Tianzhang, Duan Peng, Chen Xiulin • Non-executive Directors: Gao Yongjun, Kong Xia, Wang Gang, Shi Jinglei, Du Zhongming, Ren Wei, Wang Hongyi • Independent Non-executive Directors: Liu Hongwei, He Jiale, Wang Lingfang, Leng Ping, Shen Chen
The announcement was signed by Chairman Li Tianzhang in Shandong, PRC.
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