Baota Industry Co., Ltd. announced that at its Extraordinary General Meeting held on 08 January 2021, it has approved the appointment of Chen Zhilei, Li Changsheng and Yang Guo as non-independent directors of the company. Approved the election of Liu Qinglin and Xu Kongtao as independent directors of the company. Approved the election of Liu Jianren and Li Lizhi as non-employee supervisors.