of September 12, Tianyang New Material announced that Mr. Li Zhelong, the chairman/legal representative/general manager/member of the special committee under the board of directors, and Mr. Feng Yanzhao, the director/member of the special committee under the board of directors, had submitted a written resignation report.
Due to work adjustment , Li Zhelong applied to resign from the positions of chairman, legal representative, general manager and member of the special committee under the board of directors of the company. After his resignation, Li Zhelong did not hold any position in the company; Feng Yanzhao applied to resign as a director of the company and a member of the special committee under the board of directors. After his resignation, Feng Yanzhao still served as the head of human resources and administration in the company.
The announcement said that in view of the fact that the selection of the new chairman/general manager still needs to go through the corresponding legal procedures, in order to ensure the normal operation of the company and the smooth transition of corporate governance. Li Zhelong will continue to perform the duties of the chairman/legal representative/general manager of the company until the company completes the appointment of the new chairman/general manager and the registration of the change of the legal representative.
Previously, on April 6, Li Zhelong, the controlling shareholder and actual controller of Tianyang New Material, and his concerted actors Li Mingjian, Park Yifeng, Li Shunyu, Park Yihong, Bairui Xingyang and Weichuangjia signed the Share Transfer Agreement, which is to be transferred by agreement in two phases . A total of 92,370,625 shares of Tianyang New Material held by the transferee were transferred to the transferee, accounting for 21.35% of the total share capital of Tianyang New Material.
Among them, 66,410,206 shares were transferred in the first phase, accounting for 15.35% of the total share capital of Tianyang New Material; The second phase of share transfer is 25,960,419 shares , accounting for 6% of the total share capital of Tianyang New Material.
On August 23, Tianyang New Material announced that the first phase of share transfer had been completed. Bairui Xingyang and Weichuangjia, acting in concert with it, acquired 66,410,206 shares and corresponding voting rights of Tianyang New Material. The controlling shareholder of the company was changed to Bairui Xingyang and its concerted actor Weichuangjia . The actual controllers were changed to Ru Boxing and Ru Zhengwei .