Chinese chip stocks jump as Beijing reportedly warns against Nvidia’s H20
HANGZHOU - Zhejiang Yongtai Technology Co., Ltd. (London:YTT) announced Monday that Mr. Zhang Zhengqiu has been elected as the employee representative director for the company’s seventh session of the board of directors.
The election took place at the first employee representative meeting following the expiration of the sixth board’s term. According to the company’s statement, the election results were made public with no objections raised.
Zhang will join eight other directors who were elected at the company’s first extraordinary general meeting of 2025. His term of office will match that of the other board members.
The company confirmed that Zhang meets all directorship qualifications stipulated in the Company Law and Articles of Association. The board composition maintains compliance with regulations, as the number of directors who also serve as senior management and employee representatives remains less than half of the total board membership.
Zhang, 60, has previously served as the chairman of the company’s supervisory board from July 2019 to July 2025. His career with Zhejiang Yongtai includes roles as EHS director and deputy general manager from 2012 to 2019. Currently, he serves as a company director, director of the bidding office, and general manager of Zhejiang Yongtai New Material Co., Ltd.
According to the press release statement, Zhang holds 248,403 shares of the company and has no relationship with controlling shareholders or other major stakeholders.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.