Beijing Oriental Yuhong reduces capital, elects new board and management

Beijing Oriental Yuhong Waterproof Technology completed the cancellation of 47,615,662 repurchased shares on March 20, 2025, reducing its total share capital from 2,436,315,528 shares to 2,388,699,866 shares. This resulted in a corresponding decrease in registered capital from RMB 2,436,315,528 to RMB 2,388,699,866. Creditors are notified to claim debts or provide guarantees within forty-five days.

Concurrently, the company held its third extraordinary general meeting and employee representative meeting on November 19, 2025, electing a new Ninth Board of Directors. The board comprises nine members, including five non-independent directors, three independent directors, and one employee representative director. Mr. Li Weiguo was re-elected as chairman, and Mr. Xu Limin as vice chairman.

The new board also appointed Mr. Yang Haocheng as president and Ms. Zhang Bei as board secretary, among other senior management and internal audit personnel. Several previous board and supervisory board members, including Mr. Zhang Hongtao and Ms. Cai Zhaoyun, have stepped down as their terms concluded.