Windey director resigns amid board restructure, new energy focus

On September 24, 2025, Zhejiang Windey Energy Technology Group Co., Ltd. announced the immediate resignation of director Ling Qiang due to work commitments. His departure does not impact the board's minimum quorum requirements.

Coinciding with this, the company's Fifth Board of Directors held its thirty-fourth meeting, approving comprehensive revisions to the company's articles of association and various internal regulations. Key changes include restructuring the board to introduce a worker director position and abolishing the supervisory board, with its functions transferred to the board's audit committee. These amendments, alongside new policies for director and senior management departures and shareholding, aim to enhance corporate governance.

Additionally, Zhejiang Windey will convene its third extraordinary general meeting of 2025 on October 27, 2025, to seek shareholder approval for these changes. The board also approved an organizational structure adjustment, adding an engineering management department to bolster new energy project development. The company’s cumulative litigation and arbitration cases amounted to CNY 586.4329 million.