According to Zhitong Finance App News, Nanyang HOLD (00212) issued an announcement. Bi Shaofu must retire in rotation at the annual shareholders' meeting to be held on May 14, 2024 in accordance with the company's articles of association, while Bi Shaofu said that he has been working on the board of directors for more than 26 years and that he will not be re-elected to spend more time focusing on other matters. As a result, Bi Shaofu will no longer serve as an independent non-executive director of the company and a member of the Audit Committee, Remuneration Committee and Nomination Committee after the upcoming Annual General Meeting of Shareholders.