On July 20, Ou Fei Guang announced that the company's board of directors reviewed and passed the “Proposal on By-election of Independent Directors of the Company”. Mi Xuming applied for personal reasons to resign as an independent director of the company, the chairman of the audit committee of the board of directors, and a member of the nomination committee. The company plans to by-elect Cao Yushan as an independent director of the sixth board of directors. The term of office starts on the date of review and approval by the shareholders' meeting and ends on the date the term of the sixth board of directors expires. The bill still needs to be submitted to the company's shareholders' meeting for consideration.

On July 20, Ou Fei Guang announced that the company's board of directors reviewed and passed the “Proposal on By-election of Independent Directors of the Company”. Mi Xuming applied for personal reasons to resign as an independent director of the company, the chairman of the audit committee of the board of directors, and a member of the nomination committee. The company plans to by-elect Cao Yushan as an independent director of the sixth board of directors. The term of office starts on the date of review and approval by the shareholders' meeting and ends on the date the term of the sixth board of directors expires. The bill still needs to be submitted to the company's shareholders' meeting for consideration.