Several senior executives resigned, the board of directors was replaced ahead of schedule, and Lida shares received a letter of concern

time, the personnel changes of Lida, a photovoltaic solar cell manufacturer, have been more frequent.

On May 5, Lida announced that the board of directors of the company would be elected ahead of schedule, and that Wang Mingsheng, Lin Zhihuang, Bai Jianghong, Chen Gengsheng, Lei Qing and Gao Xiang had been nominated as candidates for non-independent directors on the recommendation of controlling shareholders.

It is noteworthy that on March 30, the announcement of Lida shares indicated that the controlling shareholder of the company, Hangzhou Guanghengyu Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Guanghengyu"), limited partner of Jinzhai Huacheng Future New Energy Technology Partnership (Limited Partnership) (hereinafter referred to as "Huacheng Future"), intends to change its investors. Some

of Huacheng's future investors will withdraw, and Wang Mingsheng, Lin Chunliang, Lin Yujia and Li Jiaming will join as new investors. Lida shares said that this will not lead to changes in the company's controlling shareholders and actual controllers, the company's actual controller is still Huang Shuang. Before

May 5, there were four non-independent directors on the board of directors of Lida, namely Huang Shuang, Bai Jianghong, Xu Hua and Zhang Yue, and Huang Shuang, the actual controller, was the chairman. However, Huang Shuang was not included in the newly disclosed non-independent directors of the board of directors of the above-mentioned companies.

Lida shares received a letter of concern from Shenzhen Stock Exchange on May 9 due to relevant circumstances. The Shenzhen Stock Exchange asked the company to explain the reasons for the early election of the board of directors and supervisors, and whether this action was adjusted to a package arrangement with the partners at the controlling shareholder level in the early stage.

As for the fact that Huang Shuang, the actual controller, is not listed as a non-independent director, the Shenzhen Stock Exchange requires Lida shares to explain whether Huang Shuang's control over the company is actually weakened, and to explain the relationship between Huang Shuang and the candidates for non-independent directors and the relationship between the candidates for non-independent directors in the light of the decision-making process for the nomination of non-independent directors and Huang Shuang's participation in the operation and management of the company.

In addition, from the perspective of corporate governance, many directors and supervisors have resigned in the past six months. Among them, Dong Mi Liu Qi resigned on March 30, and the company appointed Zhang Jianqun as Dong Mi on April 2. Ren Liwei, the representative of securities affairs, resigned from the company's announcement on May 5. In terms of

performance, since the transformation and development of high-efficiency crystalline silicon solar cells in 2019, the company's revenue scale has increased significantly. Data show that from 2020 to 2022, the company achieved revenue of about 282 million yuan, 1.080 billion yuan and 1.598 billion yuan respectively. By the end of 2022, solar cell business accounted for more than 95%.

However, Lida shares have not been profitable in the past three years, with net profits of -56.0167 million yuan,-71.0294 million yuan and-16.928 million yuan respectively.

Source: China.org.cn Finance