Maike Tube Industry Holdings Limited announced that Mr. MA Changcheng has resigned as an Independent non-executive Director, the chairman and member of the remuneration committee of the Company (the "Remuneration Committee"), a member of the audit committee of the Company and a member of the nomination committee of the Company with effect from 1 April 2023 due to his intention to devote more time to pursue other business opportunities. The Board further announces that upon the resignation of Mr. MA, the composition of the board committees of the Company has been changed as follows: With effect from 1 April 2023, Mr. LIU Fengyuan ("Mr. LIU"), an INED, has been appointed as the chairman of the Remuneration Committee to fill the casual vacancy after Mr. MA ceased to be the chairman of the Remuneration Committee on the same day. LIU Fengyuan, aged 52, was appointed as an INED on 19 November 2019. He is primarily responsible for supervising and providing independent judgement on the operation and management to Board. He has over 10 years of experience in finance education. He has been a professor specializing in financial regulations and a doctoral adviser at the School of International Finance and Laws of the East China University of Political Science and Law since February 2006.
Mr. LIU graduated from Chongqing Normal University, the PRC, with a bachelor's degree in mathematics education in July 1994. He received his master's degree in science from Yunan University, the PRC, in July 1997 and obtained his doctoral degree in business administration (management) from Shanghai Jiao Tong University, the PRC, in October 2005.