Zhejiang Yongtai Technology Co Ltd Notice of the Second EGM in 2023 (9903T)
20 November 2023 - 9:40PM
UK Regulatory
TIDMYTT
RNS Number : 9903T
Zhejiang Yongtai Technology Co Ltd
20 November 2023
ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.
(GDR under the symbol: "YTT")
(a joint stock company established under the laws of the
People's Republic of China with limited liability)
Notice of the Second Extraordinary General Meeting in 2023
NOTICE IS HEREBY GIVEN that the second extraordinary general
meeting of Zhejiang Yongtai Technology Co., Ltd. (hereinafter
referred to as the "Company") in 2023 will be held at the
conference room on the second floor of the Company's office
building, No. 1 Donghai Fourth Avenue, Linhai Park, Zhejiang
Chemical API Base, Zhejiang Province, China, on Monday, 11 December
2023 at 15:00 (Beijing Time), for the purpose of considering, and
if thought fit, passing the following resolution.
Ordinary Resolution
1. To consider the Resolution on By-election of an Independent
Director for the Sixth Session of the Board of Directors
The Board of Directors
Zhejiang Yongtai Technology Co., Ltd.
20 November 2023
Ordinary Resolution
Resolution 1: To consider the Resolution on By-election of an
Independent Director for the Sixth Session of the Board of
Directors
To all Shareholders and Shareholders' proxies,
The board of directors of Zhejiang Yongtai Technology Co., Ltd.
recently received the written resignation from Mr. Xu Yongbin , an
independent director of the Company. In view of the Measures for
Administration of Independent Directors of Listed Companies
promulgated by the China Securities Regulatory Commission, which
stipulates that "in principle, the number of domestic listed
companies in which an independent director serves as an independent
director shall not exceed three", and the fact that Mr. Xu Yongbin
serves as an independent director in more than three listed
companies in China, he has applied for resignation as an
independent director, the convenor of the Audit Committee, member
of the Nomination Committee, member of the Remuneration and
Assessment Committee and member of the Strategy Committee of the
sixth session of the board of directors of the Company. Mr. Xu
Yongbin will cease to hold any position in the Company upon his
resignation. As at the date of this announcement, Mr. Xu Yongbin
does not hold any shares in the Company and has no outstanding
commitments that he should fulfil but has not.
The resignation of Mr. Xu Yongbin will result in the number of
independent directors of the Company being less than one-third of
the members of its board of directors . In accordance with the
Measures for Administration of Independent Directors of Listed
Companies, the Rules Governing the Listing of Stocks on the
Shenzhen Stock Exchange, the Articles of Association of the Company
and other relevant provisions, Mr. Xu Yongbin's resignation will
take effect from the date of the election of a new independent
director at the general meeting of the shareholders. Until a new
independent director is elected at the general meeting of the
shareholders, Mr. Xu Yongbin will continue to fulfil the duties of
an independent director and the specialized committees of the board
of directors in accordance with the relevant regulations. The board
of directors has nominated Ms. Zheng Feng (biography details
attached below) as the candidate of an independent director of the
Company, for a term of office from the date of approval at the
general meeting of the Company to the conclusion of the current
session of the board of directors of the Company.
The proposal has been reviewed and approved at the 10th meeting
of the sixth session of the board of directors of the Company, and
is hereby submitted to the Shareholders for their
consideration.
Attached: Biographical details of Ms. Zheng Feng, the
independent director candidate
Ms. Zheng Feng, of Chinese nationality, without permanent
residency in any foreign country and born in July 1966, holds a
Bachelor's degree. From August 1987 to January 2003, she served as
a clerk and deputy manager of the management department of Zhejiang
Taizhou Branch, China National Foreign Trade Transportation
Corporation ( ); from February 2003 to January 2011, as a lawyer
and partner in Zhejiang Liqun Law Firm ( ). From March 2011 until
the present, she has been serving as a senior partner in Zhejiang
Duolian Law Firm ( ).
Ms. Zheng Feng has obtained the qualification certificate for
independent director recognised by the China Securities Regulatory
Commission and is currently also an independent director of
Zhejiang YGM Technology Co., Ltd.( ).
As of the date of this announcement, Ms. Zheng Feng does not
hold any shares in the Company. She has no connected relationship
with the Company, its controlling shareholder and actual
controller, other shareholders holding more than 5% of the shares
and their actual controllers, directors, supervisors, or senior
management. She has not been subject to any penalties imposed by
the China Securities Regulatory Commission and other relevant
authorities, or disciplinary sanctions by any stock exchange, has
not been investigated by judicial authorities for suspected
commission of offences and has not been investigated by the China
Securities Regulatory Commission for suspected violation of laws
and regulations pending categorical conclusions, nor a dishonest
person subject to enforcement, and is in compliance with the job
qualifications and requirement as required under the Company Law,
the Rules Governing the Listing of Stocks on the Shenzhen Stock
Exchange, the No. 1 Guidelines for Self-discipline Supervision of
Companies Listed on the Shenzhen Stock Exchange - Standard
Operation of Companies Listed on the Main Board, and other relevant
laws and regulations, as well as the Articles of Association of the
Company.
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