Securities code: 603655 securities abbreviation: Changzhou Langbo Sealing Technology Co.Ltd(603655) Announcement No.: 2022-009 Changzhou Langbo Yantai Ishikawa Sealing Technology Co.Ltd(301020) Co., Ltd
On the employment of general manager by the third board of directors
Announcement of relevant matters
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Changzhou Langbo Yantai Ishikawa Sealing Technology Co.Ltd(301020) Co., Ltd. (hereinafter referred to as “the company” or ” Changzhou Langbo Sealing Technology Co.Ltd(603655) “) held the first meeting of the third board of directors on February 23, 2022, deliberated and adopted the proposal on the appointment of senior managers of the company. Among them, Mr. Qi Ganchao was employed as the general manager of the company for a term of three years, and the announcement on the resolution of the first meeting of the third board of directors of Changzhou Longbo Yantai Ishikawa Sealing Technology Co.Ltd(301020) Co., Ltd. was issued on February 24, 2022. (for details, see the website of Shanghai Stock Exchange at www.sse. Com. CN.)
Mr. Qi Ganchao, the general manager of the company, was publicly condemned by Shanghai Stock Exchange on July 21, 2021 because he did not attend or entrust others to attend the review of the 2020 semi annual report by the board of directors and did not sign a written confirmation opinion on the periodic report. According to Article 3.2.2 of the guidelines on self discipline supervision of listed companies of Shanghai Stock Exchange No. 1 – standardized operation, “candidates for directors, supervisors and senior managers shall not be nominated as directors, supervisors and senior managers of listed companies under any of the following circumstances: (V) they have been publicly condemned or criticized by the stock exchange for more than two times in the last 36 months;” The company plans to employ Mr. Qi Ganchao as the general manager. Mr. Qi Ganchao has been publicly condemned and punished by Shanghai stock exchange for less than 36 months, and the above situation exists. In addition, according to Article 3.2.3 of the guidelines for self discipline supervision of listed companies on Shanghai Stock Exchange No. 1 – standardized operation, “if the board of directors and the board of supervisors believe that their continued appointment as directors, supervisors and senior managers plays an important role in the operation of the company, they can nominate them as candidates for the next term, and the reasons for nomination shall be fully disclosed.”, The reasons for continuing to employ Mr. Qi Ganchao as the general manager are as follows:
1、 Qi Ganchao plays an important role in the operation of the company. Mr. Qi Ganchao is a director of the first and second board of directors of the company. Qi Ganchao has been working in the company since 2011. He has successively served as director of the supply department, Secretary of the board of directors, deputy general manager in charge of sales, supply, production and securities department and general manager in charge of all operations of the company. He is familiar with the overall operation of the company, plays an important role in the future development and market development of the company, and is an indispensable key personnel in the operation and management of the company, If the general manager of the company cannot be renewed, it will have a significant adverse impact on the normal operation of the company.
2、 Mr. Qi Ganchao is the son of Qi Jianguo, the actual controller and former chairman. He and his parents directly and indirectly hold more than 65% of the shares of the company. The actual controller Mr. Qi Jianguo and his wife fan Xiaofeng have retired and will no longer hold any position in the company after the change of the board of directors. Mr. Qi Ganchao will participate in the management of the company on behalf of the actual controller and the person acting in concert. The renewal of the general manager is conducive to the stability of the company’s control and the stability of its business development strategy.
3、 The reason for Mr. Qi Ganchao’s disciplinary action is his personal reason, which does not involve major mistakes in the company’s operation, violations of the company’s laws and regulations, and has not caused a significant adverse impact on the company. After that, he has made profound reflection and correction. Since then, he has been able to earnestly perform his duties and work diligently, continue to promote the adjustment of product structure, make every effort to reduce the procurement cost of raw materials, lead technicians to improve process and improve product quality, and do a good job in cost control, especially in the period when the market share of fuel vehicles is gradually reduced and new energy vehicles are booming, Led the sales staff to consolidate and tap the market share of existing customers, and achieved remarkable results in planning the future development direction and market development.
Based on the above, the board of directors of the company believes that Mr. Qi Ganchao’s continued appointment as the general manager of the company plays an important role in the operation of the company and plans to hire him as the general manager of the company.
It is hereby announced!
Board of directors of Changzhou Langbo Yantai Ishikawa Sealing Technology Co.Ltd(301020) Co., Ltd. February 22, 2022
