Dong-EE-Jiao to repurchase shares, appoints new independent director

Dong-EE-Jiao announced a share repurchase plan via centralized bidding transactions, with a total value not exceeding 200 million yuan and not less than 100 million yuan. The repurchase price is capped at 72.08 yuan per share. The repurchased shares will be canceled to reduce registered capital, a move aimed at enhancing shareholder value and investor confidence, supported by the company's financial health.

Concurrently, Dong-EE-Jiao’s board approved the appointment of Cheng Xianglin as an independent director, pending shareholder approval. This follows the resignation of Sun Xiaobo from his independent director role and all associated committee positions due to personal reasons. Sun’s departure will not significantly impact the company's governance or operations.

The company's board ensures that the number of independent directors will meet regulatory requirements after the new appointment. The share repurchase plan and the independent director appointment both require approval at the second extraordinary general meeting of shareholders in 2025. The company will adhere to all relevant regulations and information disclosure requirements.