UTIMES(SH:688638) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-20 00:34Core Viewpoint - The company announced the resignation of non-independent director Liu Yangdong and his subsequent election as the employee representative director during the recent shareholder meeting, which will not affect the board's operation or the company's development [1][2]. Group 1: Board Changes - Liu Yangdong submitted his resignation as a non-independent director due to work adjustments but will continue to hold other positions within the company [1]. - The company held a staff representative meeting on September 19, 2025, where Liu Yangdong was elected as the employee representative director, effective immediately [2]. Group 2: Compliance and Governance - The election of Liu Yangdong complies with the requirements set forth in the Company Law and the company's articles of association, ensuring that the number of employee representative directors does not exceed half of the total board members [2]. - The company has canceled its supervisory board and amended its articles of association accordingly, which was approved during the shareholder meeting [1][10]. Group 3: Shareholder Meeting Details - The first temporary shareholder meeting of 2025 was held on September 19, 2025, with a total share capital of 56 million shares, of which 1,045,317 shares were held in a repurchase account and did not have voting rights [7]. - The meeting was conducted in accordance with legal and regulatory requirements, utilizing both on-site and online voting methods [8][12]. Group 4: Voting Results - All proposed resolutions, including the cancellation of the supervisory board and the amendment of the articles of association, were passed with the required majority [10][11]. - The special resolution regarding the cancellation of the supervisory board received more than two-thirds of the valid votes cast [11].