On July 12, Suning
e-buy announced that its major shareholders had transferred 16.96% of its shares and re elected its board of directors. Zhang Jindong, the founder, resigned as chairman of the board of directors from Ren Jun to the election of the new chairman. Zhang Jindong will be appointed as honorary chairman. In addition, sun Weimin, Meng Xiangsheng and Yang Guang resigned from the board of directors, and Huang mingduan and Xian handi were nominated as candidates for non independent directors of the seventh board of directors of the company.
Zhang Jindong will continue to perform the duties of the company's legal representative until the company determines a new legal representative and completes the industrial and commercial change registration.
Suning e-buy also said in the announcement that after the re-election of the board members, the composition of the board members of the company will be more diversified, and the directors representing strategic shareholders will actively play their own professional experience in strategic management, operation management and investment management, so as to further promote the sustainable, stable and healthy development of the company.