Financial Street Securities (01476) has released an announcement detailing the proposed composition of its sixth board of directors, following a nomination and review process.
According to the company's announcement, the nominations were made based on the Articles of Association, with recommendations submitted by shareholders and reviewed by the Remuneration and Nomination Committee of the fifth board. The board has now approved the proposed election of Mr. Zhu Yanhui and Mr. Yin Guohong as executive directors of the sixth board.
In addition, the company plans to elect Mr. Pang Jiemin, Mr. Luo Guohua, Mr. Li Yanyong, and Mr. Xie Xin as non-executive directors, while Ms. Cheng Zhuo, Mr. Fan Xiaoxin, Mr. Wang Jinyong, and Mr. Cao Liang have been proposed as independent non-executive directors for the upcoming term.
The company will also have one employee representative director, who will be elected through the employee representative assembly to be convened at an appropriate time.
Among the current fifth board members, Mr. Chen Xin, Mr. Qi Liang, and Mr. Xu Hongcai will step down and will not stand as candidates for the sixth board. Their departures will take effect once the new directors are appointed at the extraordinary general meeting.