Zhuangji Group Sets Up a "Board" to Accelerate the Listing Process

Following the Zhuangji Group’s implementation of a large shareholder risk contracting system in 2006 that enabled shareholder rights and benefit sharing, risks and responsibilities to be shared, the Group recently renewed the board of directors’ reforms, dissolved the group’s original board of directors, and established the first board of directors. The three major shareholders of the Group, Zheng Yuanzhong, Chen Min, and Wu Bangdong, re-divided their work, focusing on investment companies, apparel companies, and group listings.

Following the Zhuangji Group’s implementation of a large shareholder risk contracting system in 2006 that enabled shareholder rights and benefit sharing, risks and responsibilities to be shared, the Group recently renewed the board of directors’ reforms, dissolved the group’s original board of directors, and established the first board of directors. The three major shareholders of the Group, Zheng Yuanzhong, Chen Min, and Wu Bangdong, re-divided their work, focusing on investment companies, apparel companies, and group listings.

On February 19, Zhuangji Group held a general meeting of shareholders and formally established the “First Board of Directors of Zhuangji Group”. Zheng Yuanzhong was elected as the Chairman of the Board of Directors. Chen Min, Wu Bangdong, Jin Yongxin and Chen Jianguo were the directors of the Board of Directors, and the Zhuangyi Group was dissolved at the same time. Board of Directors.

It is understood that from August last year, the Zhuang Ji Group's clothing sector listed a comprehensive restart, and the company's restructuring and reorganization, to achieve the fastest time to achieve the apparel market. Relevant person in charge of the Zhuang Ji Group stated that it is expected that Zhuangji Garment Co., Ltd.'s listing application materials will be submitted this year.


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