Datang Environmental (01272) intends to appoint Guan Yu as a non-executive director

Zhitong Finance App News, Datang Environment (01272) issued an announcement. On August 13, 2026, the board of directors received a preliminary written proposal submitted by Daida Life Insurance Co., Ltd. (holding about 5.06% of the company's issued share capital) in accordance with the Company Law and Articles of Association, and recommended that the Extraordinary Shareholders' Meeting nominate Mr. Guan Yu (Mr. Guan) as a non-executive director candidate for the 4th board of directors. An ordinary resolution will be submitted at the Extraordinary Shareholders' Meeting to approve the appointment of Mr. Guan as a non-executive director.

The Company's nomination committee has reviewed Mr. Guan's qualifications, experience, background and suitability and recommended his appointment to the board of directors. The Company's Remuneration and Assessment Committee has also reviewed Mr. Guan's proposed remuneration arrangement and made recommendations to the board of directors. After considering the recommendations of the Nomination Committee and the Remuneration and Assessment Committee, the board of directors believes that appointing Mr. Guan as a non-executive director is in the interests of the Company and all shareholders (shareholders) of the Company, and suggests that the shareholders vote in favor of the relevant ordinary resolution at the Extraordinary Shareholders' Meeting.

After the EGM obtains shareholders' approval, Mr. Guan's term as a non-executive director will take effect from the date the EGM approves his appointment until the end of the term of the current board of directors. According to the Articles of Association, Mr. Guan can be re-elected at the end of his term of office.