600312.CG▼
Two Independent Directors of Pinggao Electric Resign Upon Term Expiry
Pinggao Electric announced that its board of directors recently received written resignation reports from independent directors Lü Wendong and He Pinglin. Both have served as independent directors of the company for six consecutive years and, in accordance with the Measures for the Administration of Independent Directors of Listed Companies and other relevant regulations, have applied to resign from their positions as independent directors and from related special committees of the board. Their original terms were set to run until September 24, 2026. The announcement shows that their resignations will cause the proportion of independent directors on the board to fall below one-third and will leave the board without an accounting professional, while also causing the composition of some special committees of the board to no longer comply with relevant regulations. Until the company's shareholders' meeting elects new independent directors, Lü Wendong and He Pinglin will continue to perform their duties as independent directors and on the relevant special committees.
600312.CG · Regulation · Negative Two independent directors resigned upon term expiry, leaving the board below the one-third independent-director threshold and without an accounting professional, breaching governance rules.