Wanwei High-Tech announced that Chairman Wu Fusheng has resigned from his positions as chairman, director, convener of the board's strategy committee, and member of the nomination committee due to reaching retirement age. He will no longer hold any position in the company after his resignation. Director and Deputy General Manager Yuan Dabing has resigned from his positions as director and deputy general manager due to job reassignment, and will also no longer hold any position in the company after his resignation. The resignations of the two individuals will not cause the number of board members to fall below the statutory minimum. Before new directors take office and a new chairman is elected, Wu Fusheng will continue to perform his duties as chairman, director, convener of the board's strategy committee, and member of the nomination committee, while Yuan Dabing will continue to perform his duties as director. The company stated that this change is a normal work adjustment, and its business strategy, production and operations, and major projects are all progressing steadily.
Anhui Wanwei Updated High-tech Material Industry Co LtdChairman and deputy general manager resign due to retirement and job reassignment; company says it's normal adjustment and operations steady.