Dongfang Electric Announces Board Reshuffle

Dongfang Electric (HK:1072) has released an update.

Dongfang Electric Corporation Limited has announced an upcoming change to its Board of Directors, with all current directors up for re-election at the 2023 Annual General Meeting, except Mr. Liu Dengqing who is retiring. The company has proposed new candidates for non-independent and independent directors, ensuring they meet the Hong Kong Stock Exchange’s independence requirements and bring diverse financial and management expertise to the board. Additionally, the remuneration for directors has been detailed, including both basic annual payments and allowances for meeting attendance, subject to shareholder approval.

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