On May 26, Yunnan Baiyao (000538) announced that the company's board of directors had recently received reports from company directors Chen Fashu, Lu Hongdong and Chen YanhuiteenagemutantninjaturtlesarcademachineWritten resignation report. The company stated that the resignation of the above-mentioned directors will not cause the number of members on the company's board of directors to fall below the legal minimum, and will not affect the normal operation of the company's board of directors and the company's operations.
The announcement stated that the reason for Chen Fashu and his son Chen Yanhui's resignation was "due to job adjustment."
The announcement shows that due to work adjustments, Chen Fashu applied to resign as a director of the company's 10th Board of Directors, chairman of the Strategy Committee of the Board of Directors, and member of the Remuneration and Evaluation Committee. After his resignation, Chen Fashu no longer holds any positions in the company and the company's controlling subsidiaries.
Due to work adjustments, Lu Hongdong applied to resign as a director of the 10th Board of Directors and a member of the Strategy Committee of the Board of Directors. After resigning, Lu Hongdong still served as deputy secretary of the company's Party Committeeteenagemutantninjaturtlesarcademachine; Due to work adjustments, Chen Yanhui applied to resign as a director of the company's 10th board of directors and a member of the nomination committee. After his resignation, Chen Yanhui no longer holds any position in the company and its holding subsidiaries.
Yunnan Baiyao also announced that the company's board of supervisors had recently received written resignation reports from company supervisors You Guanghui and Zhong Jie.
In addition, the board of directors agreed to nominate Guo Xin recommended by shareholder Yunnan Province State-owned Equity Operation and Management Company, and You Guanghui and Shangguan Changchuan recommended by shareholder Xinhuadu (002264) Industrial Group Company, as candidates for non-independent directors of the 10th Board of Directors.
It is reported that 64-year-old Chen Fashu is the founder and actual controller of Xinhuadu Industrial Group Co., Ltd., an A-share listed company. As of the announcement date, it held Yunnan Baiyao 1252teenagemutantninjaturtlesarcademachine.750,000 shares, and its controlling Xinhuadu Industrial Group Co., Ltd. holds 24% of Yunnan Baiyaoteenagemutantninjaturtlesarcademachine.41% of the shares, making it the company's second largest shareholder.
Currently, Chen Fashu is a shareholder of many listed companies. According to the 2024 quarterly reports of major listed companies, during the period, he held shares in companies such as Centri (603098), LONGi Lvneng, Xiangyuan Cultural Tourism, Bithuang Technology (300667), Henghe, and Thunderbolt Weili.
Before Chen Fashu and his son Chen Yanhui suddenly resigned, five former executives and directors of Yunnan Baiyao, including former chairman Wang Minghui, were exposed to the fact that they were involved in the same matter and were taken away by the Discipline Inspection Commission and Supervision Commission for investigation.