Shanghai Phoenix announces board reshuffle

Shanghai Phoenix Enterprise (Group) Co., Ltd. (SSE:600679) has announced its board will undergo a reshuffle, with elections scheduled for the upcoming Annual General Meeting in 2025. The new board will consist of eleven directors: six non-independent, four independent, and one employee representative. Nominees include Wang Guobao, Wang Chaoyang, Zhu Pengcheng, Li Weizhong, Song Ning, and Hu Wei as non-independent directors, and Wang Gao, Yin Huifang, Yu Mingyang, and Fan Jian as independent director candidates. The independent director nominees are subject to Shanghai Stock Exchange approval. Current board members will continue their duties until the new board is elected, ensuring operational continuity.