Zhitong Financial APP News, Xianji Enterprise Group (00176) issued an announcement that Hu Jingying, an independent non-executive director of the company, will retire as an independent non-executive director by rotation at the upcoming 2022 annual general meeting of the company in accordance with the company's rules. As Ms. Hu wishes to devote more time to other personal matters, she will not be re-elected and will retire as an independent non-executive director at the end of the 2022 AGM. At that time, Ms. Wu will no longer serve as the Chairman and member of the Corporate Audit and risk Committee and the Remuneration Committee, as well as a member of the Corporate nomination and Corporate Governance Committee.

After considering the recommendation of the nomination Committee, the Board recommends that Xie Tingjun be appointed as an independent non-executive Director to fill the vacancy arising from the retirement of Ms. Hu and submit it to the shareholders for approval at the 2022 AGM. Mr. Xie's term of office will take effect from the end of the AGM in 2022 to the date of the AGM in 2025. After Mr. Xie is appointed as an independent non-executive Director, the Company will appoint him as the Chairman and member of the Audit Committee, as well as the respective members of the nomination Committee and the Remuneration Committee.

Liang Wanmin, the current independent non-executive director, will be appointed as the Chairman of the Remuneration Committee, effective after Ms Wu ceases to be the Chairman of the Remuneration Committee.