BAIYUNSHAN PH (00874) has announced that Mr. Li Xiaojun and Mr. Li Hong, both executive directors of the company's ninth board of directors, have confirmed they will not seek re-election and have retired from the board upon the conclusion of the annual general meeting. Following their retirement, Mr. Li Xiaojun has also ceased to serve as the company's chairman, chairman of the board's strategic development and investment committee, and the authorized representative under Hong Kong Listing Rule 3.05. Mr. Li Hong has likewise ceased to serve as a member of the board's strategic development and investment committee and as general manager.

Mr. Chen Yajin and Mr. Huang Min have been serving as independent non-executive directors of the company since June 2020 and have completed two consecutive terms. According to applicable Chinese laws and the company's articles of association, independent non-executive directors may not serve for more than six consecutive years. Consequently, Mr. Chen Yajin and Mr. Huang Min retired upon the conclusion of the annual general meeting.

At the annual general meeting, the company re-elected or elected Mr. Chen Jiehui, Mr. Yuan Cheng, Mr. Cheng Hongjin, Mr. Tang Heping, and Ms. Liu Lan as executive directors of the tenth board of directors; elected Mr. Huang Jiyuan as a non-executive director of the tenth board of directors; and re-elected or elected Mr. Huang Longde, Ms. Sun Baoqing, Mr. Wu Xiangneng, and Mr. Yang Yinbao as independent non-executive directors of the tenth board of directors. Their terms commence from the date of their election at the annual general meeting and will last until the expiry of the tenth board's term.

At a board meeting, it was resolved to elect Mr. Chen Jiehui as the chairman of the tenth board of directors and the company's legal representative; and Mr. Yuan Cheng as the vice chairman of the tenth board of directors. Their terms commence from the date of their election and will last until the expiry of the tenth board's term.

At the board meeting, the board also appointed Mr. Yuan Cheng as the company's general manager; Ms. Zheng Haoshan and Mr. Zheng Jianxiong as deputy general managers; Ms. Huang Xuezhen as the company's board secretary; and Ms. Liu Fei as the company's financial controller.