SERES Proposes Re-election of Yin Xianzhi as Executive Director

SERES (09927) announced that as the term of the fifth board of directors is nearing its expiration, the board has reviewed and approved proposed re-elections and appointments for the sixth board. The sixth board will consist of 13 directors, including four executive directors (one of whom is a staff representative director), four non-executive directors, and five independent non-executive directors. Based on the recommendation of the board's nomination committee, the board proposed the re-election of Mr. Yin Xianzhi as an executive director of the sixth board. It also proposed the re-election of Mr. Zhang Kebang, Mr. Yang Yanding, Mr. Li Wei, and Mr. Zhou Changling as non-executive directors. Furthermore, the re-election of Mr. Li Kaiguo, Mr. Zhang Guolin, Mr. Jing Xufeng, Mr. Li Ming, and Mr. Wei Mingde as independent non-executive directors was proposed. Due to the new board election, executive directors Mr. Zhang Zhengping, Ms. Shen Wei, and Mr. Zhang Zhengyuan will not participate in the re-election for the sixth board. Mr. Zhang Zhengping will step down from his roles as chairman of the company, executive director, chairman of the board's strategic decision-making committee, and chairman of the board's ESG committee. Ms. Shen Wei will step down from her positions as executive director, member of the nomination committee, and member of the ESG committee. Mr. Zhang Zhengyuan will step down from his role as executive director. These changes will take effect upon the conclusion of the annual general meeting. After review by the nomination committee, the board also proposed the election of Mr. Zhang Xinghai and Mr. Kang Bo as executive directors of the sixth board. On March 30, 2026, the company held a staff congress where, following democratic discussion among all attending staff representatives, Ms. Liu Ling was reviewed, approved, and elected as the staff representative director for the sixth board. Ms. Liu meets the qualifications and conditions for a staff director as stipulated by the Company Law of the People's Republic of China and the company's articles of association. She will form the sixth board of directors together with the directors elected at the company's annual general meeting. Her term will commence from the date the sixth board is elected at the general meeting and will last until the expiration of the sixth board's term.