Nanowei (02676) plans to re-elect and elect directors

Zhitong Finance App News, Nanxin (02676) issued an announcement. The term of office of the current members of the third board of directors has expired on the date of this announcement, and the company has completed the nomination process for directors (proposed directors) of the 4th board of directors. The Board of Directors has proposed the following re-election and election arrangements for the 4th Board of Directors: The Board recommended re-election of the following current directors:

(i) Mr. Wang Shengyang, Mr. Sheng Yun and Mr. Wang Yifeng are each current executive directors and are recommended to be re-elected as executive directors at the 4th board of directors;

(ii) Mr. Wu Jie (current non-executive director), proposed to be re-elected as a non-executive director at the 4th Board of Directors; and

(iii) Ms. Du Linlin (currently an independent non-executive director), proposed to be re-elected as an independent non-executive director at the 4th board of directors.

According to the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange, the maximum term of an independent non-executive director is six years. In view of the six-year term limit for independent non-executive directors mentioned above, Dr. Hong Zhiliang, Dr. Chen Xichan, and Mr. Wang Ruwei are each independent non-executive directors of the 3rd board of directors. They will be appointed as directors when their terms expire on the date of this announcement and will not be re-elected.