On June 21, 2024, Hongteng Precision held its annual shareholder meeting, during which all ordinary resolutions, including the adoption of financial statements, the election of directors, and director remuneration, were passed. The special resolution, which revised and reorganized the articles of association for the third time, was also passed in its entirety. At the meeting, it was announced that Mr. Trainor-DeGirolamo has resigned from his position as non-executive director and related committee positions, and will be replaced by Mr. Zhang Chuanwang, effective immediately after the meeting. Mr. Zhang was also appointed as a member of the Remuneration Committee, while Ms. Huang Bijun was newly appointed as a member of the Environment, Social and Governance Committee. The board of directors expressed gratitude for Mr. Trainor-DeGirolamo's contributions during his term and welcomed Mr. Zhang to join the board.

On June 21, 2024, Hongteng Precision held its annual shareholder meeting, during which all ordinary resolutions, including the adoption of financial statements, the election of directors, and director remuneration, were passed. The special resolution, which revised and reorganized the articles of association for the third time, was also passed in its entirety. At the meeting, it was announced that Mr. Trainor-DeGirolamo has resigned from his position as non-executive director and related committee positions, and will be replaced by Mr. Zhang Chuanwang, effective immediately after the meeting. Mr. Zhang was also appointed as a member of the Remuneration Committee, while Ms. Huang Bijun was newly appointed as a member of the Environment, Social and Governance Committee. The board of directors expressed gratitude for Mr. Trainor-DeGirolamo's contributions during his term and welcomed Mr. Zhang to join the board.