Baixinan-B (02185) issued an announcement. The board of directors has been informed by Chen Shangwei and Zheng Rongyao that they will resign as independent non-executive directors to spend more time on their other work. Their resignations will take effect after the AGM. Until then, Chen Shangwei and Zheng Rongyao will continue to perform their duties as independent non-executive directors. Following the resignation of Chan Sheung-wai and Cheng Wing-yiu, Chan Sheung-wai will no longer serve as Chairman of the Audit Committee and a member of the Remuneration Committee and Nomination Committee, and Cheng Wing-yiu will no longer serve as a member of the Audit Committee and Remuneration Committee.
After considering the recommendations of the Nomination Committee, the Board recommended the appointment of Chen Yiqing and Jiang Yifei as independent non-executive directors to fill the vacancies caused by the resignations of Chen Shangwei and Zheng Rongyao. The appointments of Chen Yiqing and Jiang Yifei are subject to approval by the company's shareholders through an ordinary resolution at the annual shareholders' meeting and will take effect after the annual shareholders' meeting (if approved). After the appointment of Chen Yiqing and Jiang Yifei as independent non-executive directors takes effect, Chen Yiqing will be appointed as the Chairman of the Audit Committee and a member of the Remuneration Committee, while Jiang Yifei will be appointed as the Chairman of the Nomination Committee and a member of the Audit Committee and the Remuneration Committee.