Kingland Pipeline to overhaul governance, re-elect board

Zhejiang Kingland Pipeline & Technologies announced the upcoming re-election of its eighth board of directors, comprising three non-independent directors, one employee representative director, and three independent directors. The current seventh board’s term is expiring. The proposed candidates for non-independent directors are Mr. Li Yunnan, Mr. Yang Linfeng, and Mr. Xue Jun. Ms. Zhang Li, Ms. Chu Yihong, and Mr. Wu Hai are nominated as independent directors. Ms. Zhang Li and Ms. Chu Yihong have completed independent director training, and Mr. Wu Hai has committed to doing so. The independent director nominations will undergo review by the Shenzhen Stock Exchange.

The company will hold its second extraordinary general meeting of 2025 on December 31, 2025, to vote on the board re-election and amendments to its Articles of Association. These amendments include restructuring corporate governance by abolishing the Supervisory Board, with its functions transferred to the board of directors' audit committee. Related revisions to the "Rules of Procedure for the General Meeting of Shareholders" (renamed "Rules of Procedure for the Shareholders' Meeting") and "Rules of Procedure for the Board of Directors" will also be implemented.