The Sanhuan Group announced that the term of the 11th board of directors of the company has expired and decided to hold a new election. The 12th board of directors will be composed of 8 directors, including 4 non-independent directors, 3 independent directors, and 1 employee representative director. The board of directors nominated Zhang Wanzhen, Li Gang, Ma Yanhong, and Qiu Jihua as non-independent director candidates, and nominated Jiang Lijun, Su Yanqi, and Huang Siying as independent director candidates. The above candidates are subject to filing and review by the Shenzhen Stock Exchange and review by the company's shareholders' meeting. The term of office is three years. Until the new board of directors takes office, the eleventh board of directors still holds office.

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