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Chinmei Announces Director Change at Key Subsidiary Xiangyi Information Technology (Shanghai) Co., Ltd.

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AI Summary (NQ-processed)

Xiangyi Information Technology (Shanghai) Co., Ltd., a key subsidiary of Chinmei, has announced a change in its natural person director. Mr. Zhang Chao has been appointed as the new director, effective June 18, 2026, replacing Mr. Zhu Yongxiang due to retirement reassignment.

AI Analysis

Frequently Asked Questions

Q: Who is the new director at Xiangyi Information Technology?
A: Mr. Zhang Chao, the China Manufacturing Plant General Manager, has been appointed as the new director.
Q: Why did Mr. Zhu Yongxiang resign?
A: He retired from his position due to retirement reassignment.
Q: When did the director change take effect?
A: The appointment became effective on June 18, 2026.
Q: What is the proportion of board changes?
A: One-third of the directors changed, but it does not exceed the majority threshold.
Q: Does this affect shareholders?
A: The change is within normal governance rotation and is not expected to significantly impact shareholders.