On December 30, Gelonghui reported that Shanghai Hugong Electric Group (603131.SH) announced that the company's Board of Directors recently received the resignation report from the former Chief Financial Officer, Ms. Yang Fujian. Ms. Yang Fujian has resigned from the position due to health reasons and will no longer hold any position in the company.

According to the Company Law and Articles of Association, to ensure the daily operation of financial work, nominated by the company's general manager and approved by the qualification review of the Chief Financial Officer candidates by the Board of Directors' Nomination Committee and Audit Committee, the company held the fourth meeting of the fifth Board of Directors on December 30, 2024, at which it approved the "Proposal on the Appointment of the Company’s Chief Financial Officer." The Board of Directors agreed to appoint Mr. Qin Yong as the Chief Financial Officer of the company, with his term starting from the date of approval by the Board of Directors until the expiration of the term of the fifth Board of Directors. As of the date of this announcement, Mr. Qin Yong does not Hold any shares in the company.