Sanyuan Foods elects new leadership, approves key management appointments

Beijing Sanyuan Foods (SSE:600429) announced the results of its Ninth Board of Directors' first meeting, which included the election of Yuan Haozong as Chairman and Huang Zhen as Vice Chairman. The board also approved the composition of its specialized committees, with Yuan Haozong heading the Strategy Committee and Zheng Dengjin leading the Audit Committee. In addition to these leadership changes, Chen Haifeng was appointed as General Manager, Zhou Hui as General Legal Counsel, An Changlin as Chief Accountant, and Zhang Na as Board Secretary. These appointments were based on the recommendation of the Nomination Committee. In parallel, the company held its 2024 Annual General Meeting, where shareholders approved key resolutions, including the 2024 annual report, financial statements, and a profit distribution plan. Additionally, the AGM approved the proposed re-election of the board as well as proposed amendments to the company's management methods and the annual compensation for its independent directors. These changes mark a significant leadership transition and reaffirm the company's strategic direction.