freespincrazyspin| Yunnan Baiyao: Director Chen Fashu and others resigned

Yunnan Baiyao announced that the company's board of directors recently received written resignation reports from company directors Chen Fashu, Lu Hongdong and Chen Yanhui. 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 Assessment Committee. After his resignation, Chen Fashu no longer held any positions in the company and the company's controlling subsidiariesfreespincrazyspin; 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 committee; 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 resigning, Chen Yanhui no longer held any positions in the company and its controlling subsidiaries.

The "Proposal on the Election of Non-Independent Directors of the 10th Board of Directors" was reviewed and approved at the meeting of the company's board of directors. After the Nomination Committee of the company's board of directors reviewed the qualifications of Guo Xin recommended by shareholder Yunnan Province State-owned Equity Operation and Management Company, and You Guanghui and Shangguan Changchuan recommended by shareholder Xinhuadu Industrial Group Co., Ltd., the company's board of directors agreed to nominate the above-mentioned persons as candidates for non-independent directors of the 10th Board of Directors of the company. The term of office starts from the date of review and approval at the company's shareholders 'meeting and ends at the expiration of the 10th Board of Directors.