Hangcha Group finalizes new board and leadership appointments

Hangcha Group Co., Ltd. held its second extraordinary general meeting of shareholders for 2025 on September 8, 2025, where shareholders approved the election of the new eighth board of directors. A total of 76 shareholders and proxies attended, representing 72.4068% of the company's voting shares. The meeting also addressed the appointment of independent directors, with all resolutions passing by more than half of the effective voting rights held by attending shareholders.

Following the general meeting, the new eighth board of directors convened its first meeting. Mr. Zhao Limin was elected as chairman, and Mr. Fang Xiang was appointed vice chairman. The board also established four special committees for strategy, audit, nomination, and remuneration.

Additionally, the board approved the appointment of Mr. Zhao Limin as general manager and a slate of senior management personnel. These included deputy general managers Mr. Jin Huashu and Mr. Li Yuansong, chief engineer Mr. Xu Zheng Yu, board secretary Mr. Chen Saimin, and securities affairs representative Mr. Huang Minghan. These appointments ensure the continuity of leadership and strategic direction for Hangcha Group for a three-year term, coinciding with the board's tenure.