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 First
Extraordinary General Meeting in 2024
NOTICE IS HEREBY GIVEN that the
first extraordinary general meeting of Zhejiang Yongtai Technology
Co., Ltd. (hereinafter referred to as the "Company") in 2024 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 Friday, 23 February
2024 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 a
Non-independent Director for the Sixth Session of the Board of
Directors
The Board
of Directors
Zhejiang
Yongtai Technology Co., Ltd.
29 January
2024
Ordinary Resolution
Resolution 1: To consider the
Resolution on By-election of a Non-independent Director for the
Sixth Session of the Board of Directors
To all Shareholders and
Shareholders' proxies,
The Company has recently received a
written resignation report from Mr. Shao Hongming, a director. Mr.
Shao Hongming applied for resignation as a director of the sixth
session of the board of directors of the Company due to adjustment
of his work position, and at the same time, he also resigned as a
member of the Audit Committee of the sixth session of the board of
directors of the Company. Mr. Shao Hongming will continue to hold
other positions in the Company and its subsidiaries after
resigning from the above
position.
As of the date of disclosure of this
announcement, Mr. Shao Hongming holds 238,695 shares of the Company
and will continue to comply with the Guidelines for Self-Regulation of Listed Companies of
Shenzhen Stock Exchange No. 1 －
Standard Operation of Listed Companies on Main
Board, Implementation Measures of Shenzhen
Stock Exchange on the Reduction of Shareholdings by Shareholders, Directors, Supervisors and
Senior Management of Listed Companies, and
other laws and regulations, as well as the relevant undertakings to
reduce the shareholding of the Company after his departure from
office.
In accordance with the relevant
provisions of the Company Law and the Articles of Association, Mr.
Shao Hongming's resignation will not cause the number of the board
of directors of the Company to fall below the quorum, and his
written resignation report shall take effect from the date of
delivery to the board of directors of the Company. The board of
directors agreed to nominate Mr. Wei Hegeng (please refer to the
following for his biographical details) as a candidate for
non-independent director of the Company, with a term of office
commencing from the date of consideration and approval at the
shareholders' general meeting of the Company to the date of expiry
of the term of office of the sixth session of the board of
directors.
The resolution has been considered
and approved at the twelfth meeting of the sixth session of the
board of directors of the Company and is hereby submitted to the
shareholders for consideration.
Appendix: Biographical details of
Wei Hegeng, a candidate for
non-independent director
Chinese nationality, with no right of permanent
overseas residence, born in April 1975, is a
master's degree holder, senior engineer and practising pharmacist. From August 1999 to July 2015, he worked
at Zhejiang Hisun Pharmaceutical Co., Ltd.
(浙江海正药业股份有限公司); from August 2015 to May 2016, he worked in Jiangxi Xiangtai
Pharmaceutical Co., Ltd. (江西祥太制药有限公司); and he has been serving as
the deputy general manager of the Company since August 2016, and
concurrently serves as an executive director of Inner Mongolia
Yongtai Chemical Co., Ltd.(内蒙古永太化学有限公司).
As of the date of this announcement,
Mr. Wei Hegeng does not hold any shares of the Company, has no
relationship with the Company or its controlling shareholders, de
facto controller and other shareholders holding more than 5% shareholding
and their de facto controllers, directors,
supervisors and senior management, has not been punished by the
CSRC or any other relevant authorities and disciplinary actions by
the stock exchanges, does not have any case of investigation
commenced by the judicial authorities for alleged crimes or
investigations by the CSRC for alleged violation of laws and
regulations for which definitive conclusions are
pending, is not a dishonest person subject
to enforcement, and complies with
the Company Law, the Rules Governing the Listing of
Stocks on the Shenzhen Stock Exchange, the Guidelines for
Self-Regulation of Listed Companies of Shenzhen Stock Exchange No.
1 － Standard
Operation of Listed Companies on Main Board, and
other relevant laws and regulations, as well as the qualifications
and conditions for appointment stipulated under the Articles of Association.