Jiawei Renewable Energy announces board transition and compensation plans

Jiawei Renewable Energy (SZSE:300317) announced a comprehensive board transition, revealing nominees for its sixth board of directors and proposed compensation plans for directors, supervisors, and senior management. Key nominations for non-independent directors include Guo Yanjun, Li Li, Meng Yuliang, and Luo Bin, while Huang Huihong, Chen Shuguang, and Fu Sang have been nominated as independent directors. The company also outlined compensation for the incoming board, with independent directors slated to receive an annual pre-tax compensation of CNY100,000. Senior management will be compensated via a system that includes base pay, incentives and rewards. These changes will be put to a shareholder vote at the upcoming extraordinary general meeting scheduled for July 3, 2025. The company emphasized that the current fifth board of directors would continue to perform their duties diligently until the new board is seated.