Zhongguancun Science-Tech Leasing elects new chairman, addresses board composition

Zhongguancun Science-Tech Leasing Co. Ltd. announced the election of Xu Jingquan as chairman of its second session of the board, effective September 30, 2025. This follows Zhang Jian's resignation, which took effect the same day. Xu Jingquan, also an executive director, will receive an annual remuneration of RMB1,000,000 for his duties. The company also received approval from the Beijing Municipal Bureau of Local Financial Regulation and Supervision for Xu Jingquan's and Yang Pengyan's qualifications as executive directors, effective from September 30, 2025.

Additionally, the board proposed the appointment of Xu Zhengwen as a non-executive director and a member of the audit committee, subject to shareholder and regulatory approvals. Xu Zhengwen currently serves as general manager of Zhongguancun Medical Equipment Park Co. Ltd. and chairman of Beijing Zhongchuang Juyuan Investment Management Co. Ltd.

The company also disclosed non-compliance with Listing Rules 3.10A and 3.27A, as the number of independent non-executive directors fell below one-third of the board, and the nomination committee chairman position became vacant. The risk control committee and the environmental, social, and governance committee also fell below their required director numbers. The company is actively seeking suitable candidates to address these vacancies and achieve full compliance.