Mr. Hu is due for retirement from his office as Director at the Annual General Meeting ('AGM') pursuant to Article 106 of the Company's Constitution. Pursuant to Article 108 of the Company's Constitution, the Company at the meeting at which a Director retires under Article 106 of the Company's Constitution may by ordinary resolution fill the vacated office by electing a person thereto. In default, the retiring Director shall be deemed to have been re-elected unless, inter alia, at such meeting it is expressly resolved not to fill such vacated office.

The Board, with the concurrence of the Nominating Committee, has resolved that the Company will not be filling the vacated office of Mr. Hu Bing.

The Ordinary Resolution 4 relating to the vacation of, and resolution not to fill, Mr Hu Bing's office as a Director has been passed by shareholders of the Company at the AGM held on 29 April 2021. Accordingly, Mr. Hu Bing retired as the Non-Executive and Non-Independent Director of the Company and shall not be deemed to have been re-elected as Director at the conclusion of the said AGM.

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Ying Li International Real Estate Ltd. published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 10:10:06 UTC.