Liziyuan announced on the evening of October 8 that the company recently learned that independent director Xiao Zuoping is currently undergoing disciplinary review and supervisory investigation, and based on preliminary understanding, the case involved has no connection with the company. Xiao Zuoping has served as an independent director of the company since July 2024, and is currently an independent director of the fourth board of directors, as well as chairman of the board audit committee and a member of the nomination committee. Apart from this, he holds no other positions in the company and does not participate in daily production and operation management. The company stated that Xiao Zuoping's inability to perform his duties will not have a material impact on operational and management activities, and that other directors and senior management are performing their duties normally, with production and operation management remaining normal. Given that Xiao Zuoping is no longer able to fulfill his duties as an independent director, the company will select a new independent director as soon as possible in accordance with relevant laws, regulations, and the company's articles of association.
Zhe Jiang Li Zi Yuan Food Co LtdIndependent director Xiao Zuoping is under disciplinary review and supervisory investigation, forcing the company to replace him.
