Stock Code: 000752 stock abbreviation: * ST Xifa Announcement No.: 2022-007 Tibet Development Co.Ltd(000752)
Announcement on resignation of independent directors
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
The board of directors of Tibet Development Co.Ltd(000752) (hereinafter referred to as “the company”) received a written resignation application submitted by Mr. Fang Yi, an independent director, on January 18, 2022. Due to the limitation of his recent work energy, in order to avoid failing to fulfill his duties as an independent director, Mr. Fang Yi applied to resign from the position of independent director of the ninth board of directors, member of the audit committee of the ninth board of directors and chairman of the nomination and Remuneration Committee of the ninth board of directors.
As the resignation of Mr. Fang Yi will result in the number of independent directors of the company being less than one third of the members of the board of directors, according to the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board and the articles of association, Fang Yi’s resignation will take effect from the date when the new independent director is elected by the general meeting of shareholders of the company. Before that, Mr. Fang Yi will continue to perform the duties of independent directors and members of relevant special committees of the board of directors in accordance with laws, regulations and the articles of association.
The company will complete the by election of independent directors as soon as possible in accordance with relevant regulations. The board of directors of the company sincerely thanks Mr. Fang Yi for his contribution to the company during his tenure!
It is hereby announced.
Tibet Development Co.Ltd(000752) board of directors January 19, 2022
