Here is the English translation of the provided text: **Former Securities Professionals Join the "Board Secretary Circle"!

On the evening of September 23rd, Xingyuan Material announced that its board of directors had reviewed and passed the "Proposal on the Appointment of the Company's Board Secretary."

The board agreed to appoint Li Sheng as the company's board secretary, who has obtained the board secretary qualification certificate issued by the Shenzhen Stock Exchange.

Before joining Xingyuan Material, Li Sheng had many years of experience in the securities industry and had worked at Xingye Securities, Shenwan Hongyuan, and other places.

Li Sheng is quite famous in the field of institutional sales, and his team has been on the list of the New Fortune Best Sales Service Regional Team for many years.

Compared with investment bankers and analysts, it is relatively rare for those with a background in institutional sales to successfully transition to the role of board secretary in a listed company.

In addition to Xingyuan Material, companies such as Riying Electronics and Aipu Shares also appointed new board secretaries from the securities industry during the same period, showing that the number of securities professionals choosing to join the "Board Secretary Circle" is continuously increasing.

** **Gold Medal Institutional Sales Transform into Listed Company Board Secretary On the evening of September 23rd, Xingyuan Material announced that the company held the sixth meeting of the sixth board of directors on September 23rd, and reviewed and passed the "Proposal on the Appointment of the Company's Board Secretary."

According to relevant regulations, nominated by Chairman Chen Xiufeng and approved by the board's nomination committee qualification review, the board agreed to appoint Li Sheng as the company's board secretary, with the term of office starting from the date of the meeting's approval until the expiration of the sixth board of directors.

Xingyuan Material stated that Li Sheng has obtained the board secretary qualification certificate issued by the Shenzhen Stock Exchange, has the necessary financial, management, and legal professional knowledge to fulfill his duties, his qualifications meet the relevant regulations, and there are no circumstances where he is not allowed to serve as a board secretary.

Resume information shows that Li Sheng was born in 1984 and holds a master's degree in finance from Sun Yat-sen University.

From May 2011 to August 2021, Li Sheng served at Xingye Securities' Institutional Client Headquarters, Institute of Finance and Economics, and Sales Trading Headquarters.

From September 2021 to September 2024, Li Sheng served as the head of the South China team at Shenwan Hongyuan Securities' Institutional Client Headquarters.

It is reported that Li Sheng is quite famous in the field of institutional sales, and his team has been on the list of the New Fortune Best Sales Service Regional Team for many years.

For example, in 2023, Li Sheng's sales team won the 5th place in the New Fortune Best Sales Service Guangzhou-Shenzhen Regional Team, and Shenwan Hongyuan Securities also ranked 9th on the list of the New Fortune Best Sales Service Team that year.

Compared with investment banking personnel and securities analysts, it is relatively rare for those with a background in institutional sales to successfully transition to the role of board secretary in a listed company.

For this transition, Li Sheng also made an official announcement on WeChat Moments.

Li Sheng said that his first job after graduation was in nuclear power and new energy, and after 14 years of graduate school graduation, he returned to the new energy industry again, "I, who graduated from engineering, are destined to return to the industry."

Li Sheng said that he is very fortunate to join Xingyuan Material and also very welcome to investors to research and exchange, to explore the value of the company, and to grow together.

Before Li Sheng, Xingyuan Material's board secretary was Shen Xiwen.

On the evening of September 5th, Xingyuan Material announced that Shen Xiwen resigned from the position of deputy general manager and board secretary of the company for personal reasons; after resigning from the above positions, Shen Xiwen will continue to serve in other positions in the company.

Public information shows that Xingyuan Material is fully named Shenzhen Xingyuan Material Technology Co., Ltd., established in September 2003, and listed on the Shenzhen Stock Exchange in December 2016.

Xingyuan Material is a leading company in the global lithium battery separator industry, producing separators including wet separators, dry separators, coated separators, and various functional films, which are widely used in new energy vehicles, energy storage power stations, electric bicycles, electric tools, aerospace, 3C digital and medical environments, and other fields.

As of the closing price on September 24th, Xingyuan Material's stock price was 7.43 yuan per share, with a total market value of nearly 10 billion yuan.

** **Many securities industry professionals have joined the "Board Secretary Circle".

Against the backdrop of the securities industry's continuous "capacity reduction", many practitioners have chosen to "seek higher positions".

Among them, investment banking personnel and securities analysts have closer ties with the industrial field, and the number of people choosing to join the "Board Secretary Circle" is also increasing.

For example, after the market on September 23rd, Riying Electronics announced that Mao Jiabao was appointed as the company's board secretary.

Mao Jiabao was born in 1988, has a graduate degree, and has legal professional qualifications, securities practice qualifications, and a board secretary training certificate from the Shanghai Stock Exchange.

He once worked at the Investment Banking Committee of CITIC Securities.

At the same time, Aipu Shares announced the appointment of Qin Hanqing as the company's board secretary.

Qin Hanqing was born in August 1994, has a master's degree, and is a non-practicing member of the Chinese Certified Public Accountants.

Qin Hanqing once served as a project manager at Caitong Securities Investment Banking and a senior manager of the Investment Banking Management Committee of CITIC Securities.

After the market on September 13th, Qingyi Optoelectronics announced the change of board secretary, and Xin Hang was newly appointed as the company's board secretary.

Resume information shows that Xin Hang was born in 1986, is a certified public accountant in Australia, and a sponsor representative.

Xin Hang once served at PricewaterhouseCoopers Zhong Tian Certified Public Accountants and Hua Chuang Securities Investment Banking Department.

From November 2018 to August 2024, Xin Hang served at the Investment Banking Management Committee of CITIC Securities and the Investment Banking Department of CITIC CLSA Limited, serving as a project committee member and a sponsor representative.

In addition, this year, many listed companies such as Zhaowei Electromechanical, Sanwei Information Security, Baoying Shares, and Yuanda Intelligence have appointed new board secretaries from the securities industry.

From the work background, most are investment banking personnel, and there are also securities analysts and business department personnel.

In terms of age, most of the new board secretaries who have changed careers are "post-85s" and "post-90s", some of whom have more than ten years of experience in the securities industry, and have a wealth of relevant certificates.

In this year's market environment, the securities industry has been continuously reporting "salary cuts", "job transfers", "performance discounts" and other news, and more practitioners have chosen to re-plan their career development.

Those who have successfully transformed are often seen as "going ashore".

Compared with the transformation paths of taking exams for public positions, starting businesses on their own, etc., the position of board secretary of a listed company as a senior executive is considered to be a relatively stable and cost-effective position.

However, in terms of compensation, the board secretary of a listed company is not necessarily an absolute "high salary", and there is a big difference between companies.

For example, Xingyuan Material's 2023 annual report disclosed that Shen Xiwen received a total pre-tax remuneration of 856,500 yuan that year.

Riying Electronics' former board secretary Mei Yongshen received a pre-tax salary of 304,900 yuan in 2023.

Aipu Shares' former board secretary Wang Weihua received a pre-tax salary of 602,500 yuan in 2023.

** (Note: The translation is done to the best of my ability, and some names and terms may not have a direct English equivalent, so they are left in their original form.)