In accordance with its articles of association and relevant regulatory requirements, CCTC (06951) has announced the formation of its Twelfth Board of Directors, as the term of the Eleventh Board has concluded.

The new board will consist of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors.

The board has approved the re-election of Mr. Zhang Wanzhen as a non-executive director for the Twelfth Board.

It has also approved the re-election of Mr. Li Gang, Mr. Ma Yanhong, and Mr. Qiu Jihua as executive directors for the Twelfth Board.

Furthermore, the re-election of Mr. Jiang Lijun, Mr. Su Yanqi, and Ms. Huang Siying as independent non-executive directors for the Twelfth Board has been approved. All nominated candidates are currently serving directors.

Upon their election as directors at an extraordinary general meeting, they will join the employee representative director elected through the workers' congress to constitute the company's Twelfth Board of Directors.

The term for the new board will be three years, effective from the date of approval at the forthcoming extraordinary general meeting.