AutoBeta(AutoBeta.net)08/02 Report--

On the evening of August 1, Ningde era issued an announcement on the major adjustment of high-level personnel. The announcement shows that due to personal career reasons, Huang Shilin, former vice chairman and deputy general manager of Ningde Times, resigned as vice chairman, director, member of the strategic committee of the board of directors, and deputy general manager of the company, effective August 1. Huang Shilin will no longer serve in the Ningde era after his resignation. After Huang Shilin leaves office, Zhou Jia, the former general manager of the company, will take over the position, serve as vice chairman of the third board of directors and continue to serve as a member of the strategy committee of the company's board of directors, responsible for the company's strategy, investment management and other related work. The general manager of Ningde Times is held by Chairman Zeng Yuqun.

Or affected, as of 15:00 on Aug. 2, Ningde Times shares fell 2.07% to 523.87 yuan, with a total market capitalization of 1.28 trillion yuan.

Data show that Huang Shilin is one of the co-founders of the Ningde era and an important figure in the senior personnel of the Ningde era. Huang Shilin held a number of important positions during his tenure, from December 2011 to November 2012. Huang Shilin served as director of research and development in the Ningde era; served as general manager and vice chairman of the company from December 2012 to April 2017; and served as vice chairman and deputy general manager of the Ningde era from April 2017 to before this resignation.

In response to Huang Shilin's departure, Ningde Times responded to the media: "in the follow-up, Huang Shilin will explore business opportunities in the emerging field of 'optical storage, recharge and inspection', and may form strategic coordination with the company in the future to jointly promote the development of the new energy industry."

The announcement stressed that Huang Shilin's resignation from the above post will not adversely affect the production and operation of the company, will not cause the number of members of the company's board of directors to fall below the legal minimum, and will not affect the normal operation of the board of directors of the company. The company will complete the by-election of directors as soon as possible in accordance with the relevant procedures. Huang Shilin currently holds nearly 260 million shares, accounting for 10.69 per cent of the total equity of the Ningde era. According to the latest market capitalization of the Ningde era, Huang Shilin is worth more than 130 billion yuan. In June this year, Huang Shilin attracted the attention of the audience for the rumors of "crazy reduction of holdings and cash out", but at that time in Ningde era, due to the needs of household asset planning, Huang Shilin transferred no more than 2 million shares (including capital) of the company to his own six private equity investment fund products on January 4, 2022. The above-mentioned share changes are in fact an internal transfer between Huang Shilin and his concerted actors, and there is no disguised reduction in market rumors. With regard to the nearly 260 million shares held by Huang Shilin after he left, Ningde Times pointed out in the announcement that according to the regulations, Huang Shilin is not allowed to transfer his Ningde shares within six months after leaving office, and the shares transferred each year after the lifting of the ban shall not exceed 25 per cent of the total number of shares held by him.

As for the newly appointed Zhou Jia and Zeng Yuqun, according to the data, Zhou Jia was born in 1978, is an American national, has a master's degree from the University of Chicago, has served as the company's general manager, executive deputy general manager, financial director, Bain Consulting Strategy consultant, American Capital Group Investment Manager, CDH Investments executive director, Ningde New Energy Technology Co., Ltd. Financial director, senior human resources director, director of the general referee office. He is currently a director of Ningde Times and a director of SAIC Times Power Battery system Co., Ltd. Zeng Yuqun was born in 1968, permanent resident of Hong Kong, China, Physics Institute of the Chinese Academy of Sciences, former president, CEO, director of New Energy Technology Co., Ltd., and chairman of Ningde New Energy Technology Co., Ltd.

Ningde Times New Energy Technology Co., Ltd., founded in 2011, is one of the first domestic power battery manufacturers with international competitiveness. data show that in the first quarter of this year, the cumulative revenue of Ningde era was 48.678 billion yuan, a year-on-year increase of 153.97%.

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