Fuyao Glass (600660.SH/03606.HK) Independent Director Liu Jing's term has expired and he has stepped down. A new independent director is nominated to improve governance.

Zhongfangwang Data
Fuyao Glass Industry Group Co., Ltd. (hereinafter referred to as “Fuyao Glass”) announced that Mr. Liu Jing, the former independent director, will step down upon the expiration of his term in 2025. According to his 2025 annual work report, Liu Jing diligently fulfilled his duties during his tenure, actively participating in meetings of the board of directors and various specialized committees, and expressing independent opinions on significant matters. In 2025, the company held 4 board meetings, 3 nomination committee meetings, and 2 remuneration and assessment committee meetings, all of which Liu Jing personally attended and voted in favor of all proposals.

Key corporate governance dynamics include: To adapt to regulatory requirements and improve governance structure, Fuyao Glass plans to amend its Articles of Association, proposing to abolish the supervisory board and add employee directors. Accordingly, in August 2025, the company nominated Ms. Zhang Haiyan as a candidate for employee director through the board nomination committee, and simultaneously nominated Ms. Liu Xiaozhi and Ms. Cheng Yan as new candidates for independent directors to fill the vacancies resulting from Liu Jing’s departure and the structural adjustments. Among them, Ms. Liu Xiaozhi will take over as the chairperson of the remuneration and assessment committee after being elected as an independent director.

During the reporting period, Liu Jing, as a former member of the nomination committee and chairperson of the remuneration and assessment committee, focused on the reasonableness of the remuneration for directors and senior executives, the effectiveness of the board diversity policy, and communicated with the auditing agency regarding the audit results for 2024. He believes that the company’s internal control system is effective, and the regular reports accurately reflect the company’s operational and financial status. Liu Jing’s departure marks the end of a governance phase for the company, and the nomination of new independent directors aims to ensure the board of directors continues to meet regulatory requirements and further enhance the company’s governance level.

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