of April 1, Saifutian announced that the board of directors of the company agreed to elect Cai Xuefeng as the chairman of the fifth board of directors , the chairman of the strategic committee and the member of the nomination committee. The term of office shall take effect from the date of approval by the board of directors until the expiration of the term of the fifth board of directors of the company.
At the same time, Saifutian announced that Xu Danping served as a member of the audit committee of the fifth board of directors of the company.
Earlier, on the evening of March 16, Saifutian announced that due to personal health reasons, Fan Qing resigned as director, chairman and relevant committee of the fifth board of directors of the company, as well as legal representative and director of subsidiaries. After his resignation, Fan Qing will no longer hold any position in the company. Yang Qian resigned from her positions as a director of the fifth session of the Board of Directors, relevant committees of the Board of Directors and subsidiaries due to job adjustment . After her resignation, Ms. Yang Qian will no longer hold any position in the Company.
In addition, on the evening of March 31, Zhenjiang announced that the board of directors of the company had recently received the resignation report submitted by Zhu Xiaoqiu, deputy general manager of the company, for personal reasons. He proposed to resign from the position of deputy general manager of the company. After Zhu Xiaoqiu resigned from the above positions, he still served as the head of the Ministry of Commerce in Zhenjiang.
Earlier, on March 22, Zhenjiang announced that in view of the current operating conditions of Zhenjiang in the United States, its performance expectations for the first quarter of 2026, and the uncertainty of future earnings and cash flow. The company plans to sell 100% of its subsidiary , Zhenjiang Xinneng (USA) Technology Co., Ltd., located in Houston, Texas, USA, to Indian companies. The move triggered an inquiry from the Shanghai Stock Exchange.
During this period, Zhenjiang shares applied for an extension of reply twice on March 13 and March 20.
Finally, on March 26, Zhenjiang shares responded to the previous concerns of the Shanghai Stock Exchange about the reasons for the sustained loss of the target company, the rationality of the sale of the project and the performance ability of the counterparty.
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