Henan Yicheng New Energy extends board term amid re-election preparations

Henan Yicheng New Energy Company (SZSE:300080) announced that its sixth board of directors, initially set to expire on October 30, 2025, will have its term extended. This extension is due to ongoing preparations for the board re-election, in accordance with relevant laws and regulations. The company aims to ensure the continuity and stability of board operations, with the terms of all specialized committees and senior management also being extended accordingly.

During this transitional period, all members of the sixth board of directors and senior management will continue to fulfill their duties as per regulations. The company stated that the delay will not impact normal operations and confirmed its commitment to timely information disclosure as the re-election process progresses.

Independent director Mr. Zhang Yabing's term is also set to expire on October 30, 2025, marking six years in his position. As per regulations, independent directors must constitute at least one-third of the board. With nine current board members, Mr. Zhang's departure would reduce the number of independent directors below this threshold. He will continue to serve until a new independent director is elected by the company's shareholders.