Li Yuan shares: Liu Shumao resigns as president of the company, Li Hongju takes over

On March 6, LYG announced that the company had recently received a written resignation report from non-independent director and president Liu Shumao. Liu Shumao resigned from his position as director and president due to work adjustment, but will continue to hold other positions in the company. According to the relevant provisions of the Company's Articles of Association, after the nomination committee of the board of directors reviewed the qualifications of senior management candidates, the board of directors agreed to appoint Li Hongju as the president of the company. His term will start from the date of this board meeting's approval and end on the date of the expiration of the sixth session of the board of directors.