Shanghai XNG (03666.HK) announced on June 27th that Gu Tongshan will retire at the company's annual shareholders meeting on June 28th, 2024. Mr. Gu decided not to seek re-election at the shareholders' annual meeting and will step down as an executive director after the meeting to devote more time to other pursuits. Ping Guoqin, who has reached retirement age, has decided to retire from the position of executive director after the company's annual shareholders meeting on June 28th, 2024. And Li Yuping, an independent non-executive director who has also reached retirement age, has submitted his resignation as an independent non-executive director, effective from the end of the annual shareholders meeting on June 28th, 2024.

After Gu Tongshan retires, he will no longer serve as an authorized representative, and the current non-executive director Wang Huili will be appointed as an authorized representative, effective from the end of the annual shareholders meeting on June 28th, 2024.

After Gu Tongshan and Ping Guoqin retire, the current non-executive director Wang Huili will be appointed as an executive director and chairman of the board, effective from the end of the annual shareholders meeting on June 28th, 2024. In addition, nominated by the Nomination Committee of the Board, Hu Xiaoqi has been appointed as an independent non-executive director, effective from the end of the annual shareholders meeting on June 28th, 2024.