Sanyuan Foods announces board reshuffle ahead of AGM

Beijing Sanyuan Foods (SSE:600429) announced plans to reshuffle its board of directors in preparation for the 2024 Annual General Meeting (AGM). The eighth board of directors, convening via teleconference on June 4, 2025, approved a proposal to nominate eight candidates for the ninth board. Notable nominees include Yuan Haozong, Chen Yi, Huang Zhen, Yao Yu, and Zeng Kun as director candidates, along with Jiang Linshu, Ni Jing, and Zheng Dengjin as independent director candidates. The company will no longer have a board of supervisors, and will have one employee representative. The independent director nominees' qualifications are pending review by the Shanghai Stock Exchange. The board also approved an annual remuneration of CNY 50,000 for independent directors, subject to shareholder approval at the AGM.