ST Bai Li: Chairman Leilimeng resigns

ST Baili Announcement, the company's board of directors recently received the resignation letter from Mr. Lei Limeng, the chairman of the company. In view of the fact that the company's restructuring work has entered a critical stage, in order to optimize the division of labor among the management team, clarify job responsibilities, and concentrate efforts on promoting debt resolution and business recovery work, while considering personal overall work planning, the current chairman of the company, Mr. Lei Limeng, has applied to resign from the position of chairman of the company. After resigning, he will continue to serve as a director and joint president of the company, coordinating the company's operations and restructuring work. After passing the qualification review by the company's board nomination committee, the board of directors agreed to elect Ms. Lei Lihua, a company director and executive vice president, as the chairman, with a term from the date of approval by the board of directors until the end of the fifth term of the board of directors.