Hualian shares: Yang Feng resigned as chairman Li Cuifang took over

Leju Financial News Wang Hong On October 16, Hualian Issued an announcement that the board of directors recently received a written resignation report from Mr. Yang Feng, the chairman of the company. Mr. Yang Feng submitted his resignation as a director and chairman of the board of directors of the Company due to work adjustment, and the application took effect from the date on which the board elected the new chairman of the board. Mr. Yang Feng will no longer hold any position in the Company after resigning from the above position. As at the date of the announcement, Mr. Yang Feng did not hold shares in the Company.

On October 16, 2019, the Company held the 28th meeting of the 7th Board of Directors, deliberated and passed the "Proposal on electing Ms. Li Cuifang as the Chairman of the Company", and agreed to elect Ms. Li Cuifang, a director, as the chairman of the 7th Board of Directors of the Company. His term of office shall be from the date of deliberation and approval of the current Board of Directors to the date of expiration of the seventh term of the Board of Directors of the Company.

Li Cuifang, female, born in August 1964, master's degree. He was the director, deputy general manager and secretary of the board of directors of Beijing Hualian Commercial Building Co., Ltd., and the director, deputy general manager and secretary of the board of directors of Beijing Hualian Comprehensive Supermarket Co., Ltd. He is currently the Vice President of Beijing Hualian Group Investment Holding Co., Ltd., a director of Beijing Hualian General Supermarket Co., Ltd., and a director of the Company. Ms. Li Cuifang holds 5242 shares of the company and has not been punished by the China Securities Regulatory Commission and other relevant departments or punished by the stock exchange. There is no situation in which the "Memorandum of Cooperation on "Building Creditworthiness and Punishing Untrustworthiness" jointly issued by eight ministries and commissions in 2014 stipulates that "where the judgment defaulter is a natural person, he must not serve as the legal representative, director, supervisor, or senior management of the enterprise".