ETI’s Independent Director Resigns

ETI announced recently that the company board’s Independent Director Jing Guo Jiang has resigned, due to personal reasons.

Jiang resigned from his roles as the company board’s independent director, a member of the audit committee, and from the remuneration or compensation committee. He will no longer be holding any positions in the company after resigning.

The company will have to elect a new independent director following Jiang’s resignation, since the board’s independent directors will fall below the minimum legal requirement for listed companies in China. Under related regulations, a third of listed company’s board members needs to be comprised of independent directors.

Jiang will continue to act as the interim independent director of the board until a new successor is elected at the company’s shareholder meeting.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.