After 30 years of service, Wang Fengying, the "Iron Lady" of Great Wall Motors, resigned as an executive director, and the candidate was announced

On the eve of the Spring Festival, great wall motor personnel underwent major changes.

On January 23, Great Wall Motor Co., Ltd. issued an announcement on the replacement of directors. According to the announcement, the board of directors of Great Wall Motor Co., Ltd. received a written resignation report from Wang Fengying, vice chairman and general manager of the company, and Yang Zhijuan, executive director, and Wang Fengying applied for resignation as an executive director, vice chairman and member of the strategy and sustainable development committee of the company due to work needs, and Wang Fengying will continue to serve as the general manager of the company. Yang Zhijuan, an executive director of the company, applied for resignation as an executive director of the company on the same day due to work needs, and Yang Zhijuan will continue to serve as the assistant general manager of the company's production technology development center.

According to Article 125 of the Articles of Association of Great Wall Motor Co., Ltd., if the board of directors of the company falls below the statutory minimum number due to the resignation of the directors, the original directors shall still perform the duties of directors in accordance with the provisions of laws, administrative regulations, departmental rules and these articles of association before the re-elected directors take office.

Therefore, for the normal operation of the Company's Board of Directors and the normal production and operation of the Company, Wang Fengying will continue to perform his duties as an executive director, vice chairman and member of the Strategy and Sustainability Committee of the Company until the new Directors are elected, and Yang Zhijuan will continue to perform his duties as an executive director of the Company.

The announcement also said that the board of directors agreed to replace and nominate Zhao Guoqing and Li Hongtuo as candidates for executive directors of the seventh board of directors, and under the premise that Zhao Guoqing and Li Hongtuo were appointed as directors at the first extraordinary general meeting of shareholders in 2022, Zhao Guoqing and Li Hongtuo will sign a service agreement with Great Wall Motor Co., Ltd. for a term of office from the date of deliberation and approval of the first extraordinary shareholders' meeting in 2022 to the expiration of the seventh board of directors, and the shareholders' general meeting will authorize the board of directors to determine their respective remuneration according to the work content and job responsibilities of Zhao Guoqing and Li Hongtuo.

As of the announcement date, Zhao Guoqing held 1,035,000 A-share shares of the Company (of which 690,000 shares were not released from the restriction), Li Hongtuo held 180,000 shares of the Company's A-share shares (none of which were unrestricted), and Wang Xiaozu, Li Hongtuo's spouse, held 24,033 A-share shares and 58,067 A-share options of the Company.

According to the data, Wang Fengying joined Great Wall Motor in 1991, focusing on the company's marketing management, and since then, he has served as the general manager of Great Wall Motor Sales Co., Ltd. and the president of Great Wall Motor Co., Ltd. According to Great Wall Motor's 2020 annual report, Wang Fengying's salary for that year was 5.5058 million yuan, second only to Wei Jianjun's 5.74 million yuan; Yang Zhijuan's salary was 733,500 yuan, Zhao Guoqing's salary was 3.0074 million yuan, while Li Hongshuo's salary was 485,500 yuan after less than a year.

Zhao Guoqing joined Great Wall Motor in 2000 and has successively served as the director of the comprehensive management department of Zhengzhou Great Wall Company, the director of the human resources department of the company manufacturer division of Great Wall Motor, the director of the comprehensive management department, the main director of the lean promotion headquarters of Great Wall Motor Co., Ltd., the vice president of the technical research institute and the director of the supporting management headquarters of Great Wall Motor, the deputy general manager of Great Wall Motor, and the chairman of Beam Motor.

The latest performance report shows that in 2021, Great Wall Motor's total operating income reached 136.317 billion yuan, an increase of 31.95% year-on-year, and net profit reached 6.781 billion yuan, an increase of 26.45% year-on-year.