000593, Board of Directors "Major Reshuffle": 8 Resignations, What's Notable About 6 "New Members"?

After the change of control, Chengdu’s established publicly listed company Delong HuiNeng (000593) immediately initiated a board restructuring.

According to Delong HuiNeng’s disclosure on the evening of March 11, eight non-independent directors—Ding Liguo, Tian Lixin, Guo Xiaopeng, Zhang Fu, Zhu Ming, Qin Liang—and independent directors Liu Zhiqiang, Chi Guojing, etc., have applied to resign from their positions as directors and members of the board’s specialized committees. After resigning, Zhu Ming remains as President, Qin Liang remains as CFO, and the other six do not hold any positions in the company. Additionally, the company’s independent director and accountant Luo Nan continues to serve.

According to relevant regulations, the resignation of these directors will cause the number of board members to fall below the statutory minimum. However, replacements have already been announced.

The announcement states that the board of Delong HuiNeng has approved the proposal to nominate Wang Xinjie, Fan Chuntian, Huang Chaoli, and Li Lei as candidates for non-independent directors of the 13th board; and Dai Zhile and Huang Enlin as candidates for independent directors.

Biographies show that Wang Xinjie was born in 1985. He is currently a director at Kres Semiconductor Technology (Dongyang) Co., Ltd. (“Kres Semiconductor”), an executive partner at Shenzhen Behege Information, an executive director and general manager at Shenzhen Xinjie System Digital, and a director and general manager at Zhongtian Jingzhuang, among others.

Kres Semiconductor was established in January 2023. The company mainly engages in R&D, design, production, and sales of high-end packaging substrates. Its official website states that the company is planning to build a production base in Dongyang, Zhejiang Province, with an annual capacity of up to 560,000 high-end FCBGA substrates, aiming to become a top 10 global FCBGA supplier. Chairman Sun Weijia of Kres Semiconductor is the actual controlling shareholder of Delong HuiNeng.

Fan Chuntian was born in 1979 and currently serves as a partner in industrial operations at Shenzhen Zhongjing Dayou Private Equity Investment Fund (“Zhongjing Dayou Private Equity”). Zhongjing Dayou Private Equity is controlled by Henan Zhongjing Dayou, a subsidiary controlled by Sun Weijia. It owns a wholly owned subsidiary, Hainan Zhongjing Dayou. Hainan Zhongjing Dayou is the executive partner of Dongyang Zhongjing Jingji, the largest shareholder of Kres Semiconductor.

Huang Chaoli was born in 1975 and has served as director and deputy general manager of Shenzhen Junhe Ruitong Technology Co., Ltd. from 2011 to February 2026.

Li Lei was born in 1971 and has been an executive director and founding partner of Huada Gengying (Shenzhen) Equity Investment Fund Management Co., Ltd. since 2016. According to public information, this fund was established by a well-known professional investment team in life health and a leading gene technology company, BGI Genomics. The fund focuses on full-stage investments in high-quality projects within gene technology, cutting-edge biomedicine, medical devices, food nutrition, and other biotech manufacturing fields.

According to the arrangement, Delong HuiNeng will hold a second extraordinary general meeting on March 30 to elect new directors. Both non-independent and independent director elections will adopt cumulative voting.

Founded in 1993, Delong HuiNeng’s predecessor was Chengdu Hualian Department Store. It was listed on the Shenzhen Stock Exchange in 1996. Since then, the company has undergone multiple restructurings—from Baoguang Pharmaceutical to Datong Gas, and in 2018, Beijing Dingxin acquired Datong Gas, renaming the company to Delong HuiNeng in 2022. Before this acquisition, the company’s main business was clean energy supply based on natural gas, with expansion into hydrogen energy, photovoltaics, and other new energy sectors.

In October 2025, Delong HuiNeng’s former controlling shareholder, Dingxin Ruitong, signed a “Share Transfer Agreement” with Dongyang Nuoxin Core Material Enterprise Management Partnership (Limited Partnership) (“Nuoxin Core Material”), intending to transfer 106 million shares of Delong HuiNeng (representing 29.64% of total shares). In late February this year, the transfer was completed and registered. The company’s controlling shareholder changed to Nuoxin Core Material, and the actual controller became Sun Weijia.

Notably, Sun Weijia, chairman of Kres Semiconductor, has attracted market attention with his involvement in Delong HuiNeng. However, the company issued a stock movement announcement emphasizing that its operational situation and internal/external environment have not changed significantly. The company continues to focus on natural gas as its main business and is not involved in chips or related fields.

Proofread: Gao Yuan