Haers Vacuum Containers approves governance overhaul, appoints new director

Zhejiang Haers Vacuum Containers announced resolutions from its fifth extraordinary general meeting of shareholders on November 17, 2025, approving several governance-related proposals. Shareholders approved revisions to the company’s articles of association and various governance policies, including the profit distribution management system, shareholder meeting rules, board of directors meeting rules, and independent director work system. Other approvals included the cumulative voting system, regulations on the conduct of controlling shareholders, and rules for external investment, external guarantee, connected transactions, and fundraising management. The appointment of an accounting firm was also approved.

The company announced that Wu Rulai resigned from his positions as non-independent director and member of the remuneration and assessment committee due to governance restructuring, but will continue as chief financial officer. Concurrently, Wu Rulai was elected as an employee representative director at a staff representative meeting on November 17, 2025. This ensures the board’s composition aligns with regulatory requirements, with the total number of directors who are also senior management or employee representatives not exceeding half of the total board members.

The board also confirmed the members of the audit committee and adjusted the members of the remuneration and assessment committee, with Wen Zongyu taking over as convener and lead member of the latter committee. These changes were adopted following the board's nineteenth meeting of the sixth session on November 17, 2025.