Yongda announces board and committee changes, new independent director appointed

Effective January 1, 2026, Mu Binrui will resign as an independent non-executive director of China Yongda Automobiles Services Holdings Limited due to age. He will also cease his roles on the audit and compliance committee and the nomination committee. The board expressed gratitude for Mu's contributions during his tenure.

Concurrently, Sun Minjie has been appointed as an independent non-executive director, also effective January 1, 2026. Sun, 62, brings extensive experience, including his current role as chairman of Renhe Zhiben Enterprise Management Group Co., Ltd. He will sign a three-year appointment letter and is entitled to an annual director’s remuneration of RMB280,000. He will also be an eligible person under the company's share award and share option schemes.

Following these changes, the audit and compliance committee will consist of Zhu Anna Dezhen (chairlady), Lyu Wei, and Sun. The nomination committee will comprise Zhu, Lyu Wei, and executive director Cheung Tak On (chairman). The board extended a warm welcome to Sun for his new roles.