Wuliangye Board Approves Removal of Zeng Congqin as Director, Automatically Terminating His Roles as Chairman and Committee Head

Deep News06-08 19:41

The board of Wuliangye Yibin Co.,Ltd. has announced that, in accordance with relevant documents from the Yibin Municipal People's Government and following review by the nomination committee and board nomination, it has approved the removal of Zeng Congqin from his position as a director. Consequently, the roles he held as chairman of the board and as chairman and member of the board's specialized committees will be automatically terminated, effective from the date his directorship is revoked.

In a related move, the board has agreed to nominate Deng Min as a candidate for non-independent director of the company's seventh board of directors. His term, if approved, will commence from the date of shareholder meeting approval and will last until the expiration of the current seventh board's term.

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