On June 4th, 201June, the board of directors of Guangdong No.2 Hydropower Bureau Co., Ltd. (hereinafter referred to as "the Company") received a written resignation report from Mr. Zhang Yuanfang, the chairman. According to the relevant provisions of Guangdong Provincial Committee's Implementation Opinions on Adhering to the Party's Leadership and Strengthening Party Building in Deepening the Reform of State-owned Enterprises.
Whereas Guangdong Hydropower Group Co., Ltd. (hereinafter referred to as "Guangdong Hydropower Group") is the controlling shareholder of the Company, and Mr. Zhang Yuanfang is the chairman and secretary of the Party Committee of Guangdong Hydropower Group, Mr. Zhang Yuanfang applied to resign as a director, chairman, member of the Strategy Committee of the Board of Directors and member of the Nomination Committee of the Board of Directors of the Company.
According to the Company Law, Guidelines for Standardized Operation of Listed Companies on SME Board of Shenzhen Stock Exchange, Articles of Association of Guangdong No.2 Hydropower Bureau Co., Ltd. and other relevant regulations, Mr. Zhang Yuanfang's resignation report will take effect as of the date it is delivered to the board of directors. After his resignation, Mr Zhang Yuanfang no longer holds any position in the company.
Mr. Zhang Yuanfang's resignation did not lead to the number of members of the company's board of directors being lower than the quorum, which would not affect the operation of the company's board of directors and normal production and operation, and would not adversely affect the company's development. The company will conduct by-election of directors and chairman as soon as possible in accordance with legal procedures. Before the new chairman is elected, more than half of the directors will recommend Mr Dani, the director and general manager, to perform the duties of chairman.
According to the Guidelines for the Standardized Operation of Listed Companies on the SME Board of Shenzhen Stock Exchange and other relevant regulations, the independent directors of the company expressed their independent opinions on the resignation of the chairman of the company. For details, please refer to the Independent Opinions of Independent Directors of Guangdong No.2 Hydropower Bureau Co., Ltd. on the Resignation of the Chairman of the Company, which was disclosed on Juchao Information Network on June 5, 20/KLOC-0.
The board of directors of the company expressed heartfelt thanks to Mr. Zhang Yuanfang for his outstanding contribution to the company's reform and innovation, transformation and upgrading, and accelerated development during his tenure as chairman!
It is hereby announced.
Guangdong Hydropower Second Bureau Co., Ltd.
board of directors
June 438, 1965