Kaichuang International appoints new independent director, amends committee structure

Shanghai Kaichuang Marine International held its second extraordinary general meeting of shareholders on November 3, 2025. During the meeting, shareholders approved the appointment of Mr. Yang Lin as an independent director to the tenth board of directors. The resolution garnered 106,738,252 votes in favor, representing 98.8856% of the effective votes cast.

Following this, the company's tenth board of directors convened its twenty-first (interim) meeting on November 3, 2025. The board approved an adjustment to the Nomination Committee, which will now comprise Mr. Song Liming (chairman), Mr. Yang Lin, and Mr. Xu Xingmin.

Additionally, the board passed a resolution to formulate the "Management Measures for the Provision and Write-off of Asset Impairment Reserves," which received nine votes in favor, zero against, and zero abstentions. The meeting's procedures and resolutions were confirmed to comply with relevant regulations.