China first announced that the 66th meeting of the fourth board of directors of the company will be held in the form of a video conference on August 11, 2026. 4 directors should attend, and 4 actually attend. The meeting reviewed and passed the “Proposal on Removal of the Company's Director and Chairman”. Mr. Lu Wenjun, the director and chairman of the company, was punished according to law for taking bribes, and the board of directors agreed to remove him from his duties as director and chairman of the board of directors. The motion to remove Mr. Lu Wenjun as a director still needs to be submitted to the company's shareholders' meeting for consideration. The result of the vote was 4 votes in agreement, 0 against, and 0 abstentions.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.