Yotrio Group announces director and financial head departure

Zhejiang Yongqiang Group Co., Ltd. (Yotrio Group) announced on November 7, 2025, that Mr. Shi Fubin has resigned from his positions as director, executive vice president, and financial controller due to personal reasons. Following his resignation, Mr. Shi will no longer hold any positions within the company or its subsidiaries.

The company's board of directors accepted Mr. Shi's resignation, which became effective upon submission. His departure does not reduce the number of board members below the legal minimum, and the company confirmed it will not impact the board's normal operations or its production and business activities. Yotrio Group will initiate the selection process for a new financial controller at its next board meeting, with Mr. Xie Jianqiang, vice chairman and president, temporarily assuming the financial controller's responsibilities.

As of the announcement date, Mr. Shi Fubin directly holds 10,000 shares of the company, representing 0.0005% of the total share capital. He was originally appointed until July 28, 2028, and will continue to comply with relevant regulations regarding shareholdings and reductions by directors and senior management. The company expressed its sincere gratitude for his contributions during his tenure.