Oriental Yuhong postpones board elections, independent directors' terms extended

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. announced the postponement of its eighth board of directors and supervisory board elections, originally set to conclude on September 15, 2025. This delay is attributed to the company's preparations for the elections, revisions to management systems, and reforms to the supervisory board. These changes align with the newly revised "Company Law of the People's Republic of China" and related regulations. During this interim period, current board members, supervisory board members, specialized committee members, and senior management will continue to fulfill their duties to ensure operational continuity.

The company also noted that the terms of two independent directors, Huang Qinglin and Chen Guangjin, have reached their six-year limit. Despite this, they will continue to serve, including on the board's specialized committees, until new independent directors are elected. This extension is crucial to maintain the required minimum proportion of independent directors on the board, which must be at least one-third of the total board members.

Oriental Yuhong assured that the postponement will not affect its normal production and operations. The company is committed to actively advancing the board elections and supervisory board reforms, and will comply with all information disclosure requirements.