Cathay Biotech (SH:688065) Zheng Quan Zhi Xing·2025-08-01 16:35Board Restructuring - The company is preparing for the election of its third board of directors, which will consist of 9 members: 6 non-independent directors (including 1 employee representative) and 3 independent directors [1][2] - The term for the new board will be three years, starting from the date of approval by the shareholders' meeting [2] Nomination of Candidates - The board has nominated candidates for the third board, including Liu Xiucai, Deng Weidong, Lu Yiyang, Zang Huiqing, and Yang Chen as non-independent directors, and Wu Xiangyang, Shang Jiangang, and Lian Lishuang as independent directors [1][2] - Wu Xiangyang and Lian Lishuang are accounting professionals, and both Wu and Shang have obtained independent director qualification certificates [1] Shareholder Meeting - A temporary shareholders' meeting will be held to review the board restructuring, with cumulative voting to be used for the election of both non-independent and independent directors [2] - The current board will continue to operate until the new board is approved at the shareholders' meeting [2] Acknowledgment of Current Board - The company expresses gratitude to the current board members for their diligent efforts in promoting the company's operations and development during their tenure [2]