Sinofibers Technology to propose new board and audit firm re-appointment

Sinofibers Technology announced resolutions from its third board's thirtieth meeting, held on November 24, 2025. The board approved the election of candidates for its fourth board of directors and the reappointment of its auditing firm. The third board's term is nearing its end, and the fourth board will consist of eight directors: one employee representative director and seven non-employee representative directors. Four non-independent directors and three independent directors will be elected by the shareholders.

The proposed non-independent director candidates include Yang Yonggang, Li Baoshan, Li Hui, Zhang Xuehao, Gu Yuandong, and Wen Yuefang. Independent director candidates are Li Yougen, Qiu Xueshi, Xu Gaoyan, and Pan Hua. Additionally, the board proposed reappointing Tianjian Certified Public Accountants (Special General Partnership) as the company's 2025 financial report and internal control audit firm, with an audit fee of 860,000 yuan for a one-year term.

These proposals will be presented for shareholder approval at the company's Fourth Extraordinary General Meeting of Shareholders for 2025, scheduled for December 12, 2025. The independent director candidates' qualifications and independence require review and no objection from the Shenzhen Stock Exchange before the shareholder vote.