Shengbao Corporation Announces Full Board of Directors Election at 115th Annual Shareholders' Meeting

Shengbao Corporation held its 115th Annual Shareholders' Meeting on June 16, 2026, and conducted a full election of its Board of Directors. Corporate directors, independent directors, and natural person directors were appointed, with terms starting from June 16, 2026. The outgoing directors included Chen Maobang Industrial Development Foundation, Chen Zhang Xiuju Education Foundation, Chen Shengquan, and Chen Shengwei. The independent directors included Lou Yongjian, Lin Youze, and Lai Kaixuan. The newly appointed directors include Junyu Investment Co., Ltd., Chen Zhang Xiuju Education Foundation, Chen Shengquan, Chen Shengwei. The independent directors include Hua Ka Long, Lin Youze, and Lai Kaixuan. The term of the newly appointed directors starts from June 16, 2026, and the term of the outgoing directors was from June 28, 2023, to June 27, 2026.