Jiaozuo Wanfang plans board changes, seeks up to 3 bn yuan credit line

Jiaozuo Wanfang Aluminum Manufacturing Co., Ltd. announced that its board of directors held a meeting on September 25, 2025, to address a board vacancy and financial needs. The board approved the nomination of Ms. Zhang Xiaofeng as a non-independent director, following the resignation of Mr. Wang Yimin due to personal reasons. Ms. Zhang, born in 1986, currently serves as the human resources director at Hangzhou Jinjiang Group Co., Ltd. This nomination will be presented for approval at the Fifth Extraordinary General Meeting of Shareholders.

The board also approved an application for a comprehensive credit line of up to 3 billion yuan from banks to support the company's operational funding and improve efficiency. This credit line, which the chairman is authorized to sign for, will be valid for twelve months. The Fifth Extraordinary General Meeting of Shareholders is scheduled for October 13, 2025, where shareholders will vote on Ms. Zhang Xiaofeng’s appointment.