The Board of C&D Newin Paper & Pulp Corporation Limited announced that Mr. Shi Yaofeng has tendered his resignation as an executive Director of the Company with effect from 27 September 2023 to focus on his other business engagements and Mr. Cheng Dongfang has tendered his resignation as chairman of the Board, non-executive Director, member of the remuneration committee of the Company (the Remuneration Committee) and member of the nomination committee of the Company (the Nomination Committe) with effect from 27 September 2023 to focus on his other business engagements. The Board also announces that (i) Mr. Lin Ruqing (Mr. Lin) has been appointed executive Director; and (ii) Mr. Zhang Xiaohui (Mr. Zhang) has been appointed non-executive Director with effect from 27 September 2023. Mr. Lin Ruqing, aged 37, has 15 years of experience in business and management experience. Mr. Lin joined Xiamen C&D Paper & Pulp Group Co. Ltd. (C&D Paper & Pulp Group) (formerly known as Xiamen C&D Paper & Pulp Co., Limited) in July 2008 and has worked in various business and marketing positions within the group. Since 2021, Mr. Lin is the assistant to the general manager of C&D Paper & Pulp Group and is responsible for the group's paper business management and operations in the Northwestern China division. Mr. Lin obtained a Bachelor's degree in light chemical engineering from Nanjing Forestry University in June 2008. Mr. Zhang Xiaohui, aged 47, has over 20 years of management and operations experience. Mr. Zhang joined Xiamen C&D Inc. (C&D Inc.) in 1998 as a salesperson and was subsequently promoted to vice general manager of C&D Paper & Pulp Group and was responsible for the management and operations of the pulp business segment of the company. Mr. Zhang was promoted as general manager of the C&D Paper & Pulp Group in 2023 and is responsible for the overall management and operations of the company. Currently, Mr. Zhang is also the vice president of Chinese Paper Association and the vice president of the National Federation of Industry and Commerce Paper Chamber of Commerce. Mr. Cheng has resigned as the authorised representative of the Company the Authorised Representative with effect from 27 September 2023. Mr. Zhang has been appointed as the Authorised Representative with effect from 27 September 2023. Following the resignation of Mr. Cheng, Mr. Zhang has been appointed as chairman of the Board with effect from 27 September 2023. The Board announces that with effect from 27 September 2023, the composition of the Board committees was changed as follows:
Audit Committee: Mr. Choi Wai Hong, Clifford and Mr. Lam John Cheung-wah as members, Mr. Wong Yiu Kit, Ernest as Chairman. Remuneration Committee: Mr. Zhang Xiaohui and Mr. Lam John Cheung-wah as members and Mr. Zhao Lin as chairman. Nomination Committee: Mr. Zhang Xiaohui and Mr. Lam John Cheung-wah as members and Mr. Zhao Lin as chairman.