According to the Zhitong Finance App, Baoye Group (02355) announced that Chen Xianming resigned as an independent non-executive director of the company due to health reasons, effective August 1, 2023. At the same time, he will no longer serve as Chairman of the Audit Committee, Chairman of the Remuneration Committee, and Chairman of the Environmental, Social and Governance Committee.

Since August 1, 2023, Feng Zheng has been transferred from the company's non-executive director to an independent non-executive director, and Xia Feng has been appointed as the company's executive director.

Since August 1, 2023, the composition of the Board Committee has changed as follows: after Chen Xianming resigned, Xiao Jianmu has been appointed as Chairman of the Audit Committee; after Chen Xianming resigned, Li Wangrong has been appointed Chairman of the Remuneration Committee; Wang Rongbiao has been appointed as Chairman of the ESG Committee after Chen Xianming resigned; and Xiao Jianmu has been appointed as a member of the ESG Committee.