According to the latest announcement by Sichuan Expressway Company Limited (Stock Code: 00107), the current independent non-executive director, Madam Bu Danlu, has tendered her resignation. She will continue to serve until a new independent non-executive director is elected at the upcoming general meeting.
Madam Bu, having served on the Board for nearly six years, is also stepping down as chairman of the audit committee and member of the remuneration and appraisal committee. The announcement states that she has no disagreements with the Board and there are no matters requiring further attention from shareholders.
The Board has nominated Mr. Luo Hong as a candidate for appointment as an independent non-executive director, subject to approval at the general meeting. Mr. Luo, aged 54, holds a doctoral degree in accounting and currently serves as a professor and doctoral supervisor at the School of Accounting of Southwestern University of Finance and Economics. He also has extensive experience in financial and accounting fields, having previously served as an independent director at several other listed companies.
If shareholders approve the appointment, Mr. Luo will enter into a service contract valid through the remainder of the eighth session of the Board, with an annual remuneration of RMB80,000 (tax inclusive). There are no other details required to be disclosed under relevant listing rules, and the Board considers Mr. Luo to be in compliance with the applicable independence requirements.
