The director has transferred all or part of his shares to others and is no longer a shareholder of the company, so he no longer enjoys the shareholders' rights and interests. In this case, if he wants to continue to be a director of the company, he needs to go through the election and appointment procedures of the company's shareholders' meeting or board of directors to obtain a new director position. Even if the director has transferred his shares, he can still be elected as a director of the company if he has sufficient qualifications and ability.
In the job election, the company may consider the professional background, experience and ability of the candidate, rather than just the shareholding ratio as the only consideration.