Wan Liyang announced that the 16th meeting of the sixth board of directors of the company deliberated and passed a number of proposals: to appoint Shi Yuqiong as the company's financial director and to appoint Qian Shouguang as the head of the company's internal audit department. Both terms began on the date of review and approval by the board of directors until the end of the term of the sixth board of directors; they agreed to absorb and merge the wholly-owned subsidiary Zhejiang Wanliyang Intelligent Transmission Co., Ltd.

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