According to the announcement, the board of directors of the company fully respected Mr. Jia Yueting's personal wishes and accepted his resignation application, and expressed heartfelt thanks to Jia Yueting for creating a unique LeTV ecological model and leading LeTV to become a scientific and technological innovation enterprise during his tenure as chairman of the company. After resigning, Jia Yueting remains the controlling shareholder of LeTV, and the unlisted system of LeTV controlled by him will continue to maintain cooperative relations with the listed company system on the premise of compliance with laws and regulations.
After Jia Yueting's resignation, the number of directors of the company will be lower than the legal minimum, which will affect the normal operation of the company's board of directors. According to the Company Law, Articles of Association and other relevant regulations, Jia Yueting's resignation will take effect after the company holds a general meeting of shareholders to elect a new director to fill his vacancy. Before the reorganization of the board of directors, Mr. Jia Yueting will continue to perform the duties of chairman.
After deliberation and approval at the 45th meeting of the 3rd Board of Directors of the Company, the 3rd Board of Directors of the Company plans to reorganize, and the number of board members is planned to increase to 8, including 5 non-independent directors and 3 independent directors. This matter still needs to be reviewed and approved by the shareholders' meeting. After deliberation by the Nomination Committee, Sun Hongbin, Liang Jun and Zhang Zhao were nominated as candidates for the third non-independent directors of the company, and their term of office began from the date of deliberation and approval by the shareholders' meeting to the date of expiration of the term of office of the third board of directors. The duties of Sun Hongbin, Liang Jun and Zhang Zhao shall be implemented in accordance with relevant laws, articles of association and relevant labor contracts signed with the company. At present, the company has two independent directors, and the other independent director needs to be nominated for election. As the candidates for independent directors have not yet been determined, the company's shareholders and nomination committee are actively looking for candidates, and they will be selected as soon as possible, and elections will be held in accordance with legal procedures as soon as possible.
In other words, Jia Yueting has nothing to do with LeTV's listed company system.
At this time, Jia Yueting proposed to resign as CEO of a listed company or even a more important position, in order to go all out to achieve the fastest mass production listing of FF 9 1. For the further development of the company, the company can continue to develop healthily.