Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(a Sino-foreign joint venture joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1122)
PROPOSED ELECTION OF DIRECTORS AND
SUPERVISORS FOR THE NEXT TERM
RE-ELECTION OF DIRECTORS
In accordance with the Articles of Association, the current term of office of each of the Directors will expire on the date of the AGM and each Director will be eligible for re-election.
The Board has nominated Mr. LUO Yuguang, Mr. HAYASHI Shuichi, Mr. MAEGAKI Keiichiro, Mr. ADACHI Katsumi, Mr. LI Juxing, Mr. XU Song, Mr. LI Xiaodong, Mr. LONG Tao, Mr. SONG Xiaojiang, Mr. LIU Tianni and Mr. LIU Erh Fei, all being retiring Directors, as Candidates of Directors for the Next Term.
RE-ELECTION OF SUPERVISORS
In accordance with the Articles of Association, the current term of office of each of the Supervisors will expire on the date of the AGM and each Supervisor will be eligible for re-election.
The Supervisory Committee has nominated Ms. MIN Qing, being retiring Supervisor, as candidate of Supervisor representing the shareholders of the Company for the Next Term. In addition, Ms. ZHANG Yongning, the retiring Supervisor representing the staff and workers of the Company of the current term, will be elected as a Supervisor representing the staff and workers of the Company for the Next Term at the staff representative meeting to be held separately by the staff and workers of the Company on or before the day of the AGM.
PROPOSED RE-ELECTION OF DIRECTORS
The board (the "Board") of directors ("Director(s)") of Qingling Motors Co. Ltd (the "Company") announces that, in accordance with the articles of association of the Company (the "Articles of Association"), the current term of office of each of the Directors will expire on the date of the annual general meeting (the "AGM") of the Company to be convened on 2 June 2021 and each Director will be eligible for re-election.
The Board has nominated Mr. LUO Yuguang, Mr. HAYASHI Shuichi, Mr. MAEGAKI Keiichiro, Mr. ADACHI Katsumi, Mr. LI Juxing, Mr. XU Song, Mr. LI Xiaodong, Mr. LONG Tao, Mr. SONG Xiaojiang, Mr. LIU Tianni and Mr. LIU Erh Fei, all being retiring Directors, as candidates (collectively referred to as the "Candidates of Directors") of Directors for a term commencing from the date of the AGM and ending on the date of the annual general meeting of the Company for the year of 2024 (the "Next Term"). Resolutions will be proposed at the AGM to elect Candidates of Directors as Directors for the Next Term.
PROPOSED RE-ELECTION OF SUPERVISORS
The Board also announces that, in accordance with the Articles of Association, the current term of office of each of the supervisors of the Company (the "Supervisors") will expire on the date of the AGM and each supervisor will be eligible for re-election.
The Supervisory Committee has nominated Ms. MIN Qing, the retiring Supervisor representing the shareholders of the Company of the current term, as candidate of Supervisor representing the shareholders of the Company for the Next Term. Therefore, a resolution will be proposed at the AGM to elect the said retiring Supervisor as a Supervisor representing the shareholders of the Company for the Next Term.
In addition, Ms. ZHANG Yongning, the retiring Supervisor representing the staff and workers of the Company of the current term, will be elected as a Supervisor representing the staff and workers of the Company for the Next Term at the staff representative meeting to be held separately by the staff and workers of the Company on or before the day of the AGM.
The Company is identifying suitable candidate to fill the vacancy in the office of Supervisor representing the shareholders of the Company occasioned by the retirement of Mr. GUAN Jinming and will issue an announcement as soon as practicable after the relevant appointment is made.
A circular containing the details of each of the candidates of Directors and Supervisors (including the notice of the AGM) will be despatched to the shareholders of the Company in due course.
On behalf of
Qingling Motors Co. Ltd
LEI Bin
Company Secretary
Chongqing, the PRC, 26 March 2021
As at the date of this announcement, the Board comprises 11 Directors, of which Mr. LUO Yuguang, Mr. HAYASHI Shuichi, Mr. MAEGAKI Keiichiro, Mr. ADACHI Katsumi, Mr. LI Juxing, Mr. XU Song and Mr. LI Xiaodong are executive Directors and Mr. LONG Tao, Mr. SONG Xiaojiang, Mr. LIU Tianni and Mr. LIU Erh Fei are independent non-executive Directors.
* For identification purposes only