According to the Zhitong Finance App, Shandong Guoxin (01697) issued an announcement proposing the appointment of Yue Zengguang as executive director, which was approved by shareholders through an ordinary resolution at the Extraordinary General Meeting of Shareholders. The relevant appointments must still be approved by the Shandong Regulatory Bureau of the State Financial Supervisory Administration before they take effect.
Yue Zengguang's term as executive director starts when his appointment is approved by shareholders and his qualifications are approved by the Shandong Regulatory Bureau of the State Financial Supervisory Administration until the end of the term of the third board of directors. After the Shandong Regulatory Bureau of the State Financial Supervisory Administration approves his qualifications, the company will enter into a service contract with Yue Zengguang.