According to the Zhitong Finance App, Shell Electric (02381) issued an announcement. Mr. Leung Chun-wah, Mr. Deng Sheng, Mr. Zhou Qichao, Mr. Weng Guoji, Ms. Li Bimei, Mr. Liang Wenzhao, Mr. Pan Zesheng and Mr. Ho Chi Shing have resigned as directors of the company with effect from October 7, 2026. Furthermore, Mr. Leung Chun-wah has also resigned as CEO of the company, effective October 7, 2026. The above resignations were due to changes in control of the company as disclosed in the comprehensive documents.
After the resignation became effective, (i) Mr. Weng Kwok-ki ceased to serve as Chairman of the Board, Chairman of the Board's Nomination Committee, and a member of the Board's Remuneration Committee; (ii) Mr. Pan Zesheng ceased to serve as Chairman of the Remuneration Committee, a member of the Nomination Committee and a member of the Audit Committee; (iv) Mr. Lee Pik-mei ceased to be a member of the Nomination Committee; and (v) Mr. Ho Chi Shing ceased to be a member of the Nomination Committee.
Effective from October 7, 2026, (i) Mr. Lam Chun-tung was appointed as Chairman of the Board of Directors, Executive Director of the Company, CEO of the Company and Chairman of the Nomination Committee; (ii) Mr. Lam Wen-hung was appointed as the Company's Executive Director and Member of the Remuneration Committee; (iv) Mr. Lin Wentan was appointed as the Company's Non-Executive Director, Chairman of the Audit Committee and a member of the Nomination Committee; (vi) Mr. Li Xinsong was appointed as the Company's Independent Non-Executive Director, Chairman of the Audit Committee and a member of the Nomination Committee; (vi) Mr. Li Xinsong was appointed as the Company's Independent Non-Executive Director, Chairman of the Audit Committee and a member of the Nomination Committee; (vi) Mr. Li Xinsong was appointed as the Company's Independent Non-Executive Director, Chairman of the Audit Committee and a member of the Nomination Committee; (vi) Mr. Li Xinsong was appointed as the Company's Independent Non-Executive Director, Chairman of the Audit Committee and a member of the Nomination Committee; (vi) Mr. Li Xinsong was appointed as the Company's Independent Non-Executive Director Appointed as an independent non-executive director of the Company, Chairman of the Remuneration Committee and a member of the Audit Committee and Nomination Committee; and (vii) Mr. Yu Hao was appointed as an independent non-executive director of the Company and a member of the Remuneration Committee and Nomination Committee.
Since October 7, 2026, Mr. Chow Kai-chiu and Ms Lee Pik-mei have each ceased to act as authorized representatives of the company under section 3.05 of the Listing Rules, and Mr. Leung Chun-wah no longer acts as the company's authorized representative to receive documents and notices in legal proceedings in Hong Kong under Part 16 of the Companies Ordinance, Chapter 622 of the Hong Kong Law.
Since October 7, 2026, Mr. Lin Zhendong and Ms. Peng Haiyan have each been appointed as the company's authorized representatives and agents in legal proceedings under section 3.05 of the Listing Rules.
Following the resignation of Mr. Weng Guoji as a non-executive director and chairman of the board of directors, which came into effect on October 7, 2026, he is no longer a core stakeholder of the company, and the seller is no longer a core stakeholder of the company as a result. Therefore, the 100 million reserved shares held by the seller are treated as shares held by the public. Taking into account these reserved shares, the total number of shares held by the public at the date of this announcement was 599 million shares, accounting for 29.945% of the company's total issued share capital. As a result, the minimum public shareholding requirement of 25% of the total number of issued shares as stipulated in section 13.32B (1) of the Listing Rules has been reinstated.