According to Baiwei Storage's announcement, the company's board of directors recently received a written resignation report from Wang Can, director and deputy general manager. Wang Can resigned as director and deputy general manager of the company due to a change in work focus. After his resignation, he was still the chairman and general manager of Hangzhou Xinpower Semiconductor Co., Ltd., a holding subsidiary of the company, and the company no longer recognizes him as a core technician. After this change, the company's core technical personnel were Gao Shenghao and Qiu Honghao. The company enjoys ownership of the intellectual property invented by Wang Can during his tenure. The two parties have signed confidentiality and competition restriction agreements, and there are no related ownership disputes. This personnel change will not have a significant adverse impact on the company's core technology, competitiveness and ability to operate continuously.

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