Jin Medical appoints new independent director Ning Xue
Jin Medical International Ltd. reported that independent director Dr. Jiayuan (James) Tong resigned from the board on July 9, 2026, effective immediately, and stepped down from all committee roles.
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Rhea-AI Filing Summary
Jin Medical International Ltd. reported that independent director Dr. Jiayuan (James) Tong resigned from the board on July 9, 2026, effective immediately, and stepped down from all committee roles. The company stated that his resignation was not due to any disagreement over operations, policies, or practices.
On July 13, 2026, the board appointed Ning Xue as an independent director, effective July 14, 2026, to fill the vacancy. He becomes chairperson of the Nominating and Corporate Governance Committee and a member of the Audit and Compensation Committees. The board determined he meets Nasdaq and SEC audit committee independence requirements.
Under an Independent Director Agreement, Mr. Xue will serve an initial term from July 14, 2026 to March 27, 2027 and receive US$14,082 in compensation, payable quarterly, plus expense reimbursement. An Indemnification Agreement provides him protection against certain liabilities related to his board service. This governance update is incorporated by reference into the company’s Form F-3 registration statement.
Key Figures
Key Terms
Independent Director Agreement regulatory
Indemnification Agreement regulatory
Nasdaq Listing Rule 5605(a)(2) regulatory
Rule 10A-3 regulatory
FAQ
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What board changes did Jin Medical International (ZJYL) make in July 2026?
Why did Dr. Jiayuan Tong resign from Jin Medical International (ZJYL)?
Who is Ning Xue, the new independent director at Jin Medical International (ZJYL)?
What is the term and compensation for Jin Medical’s (ZJYL) new director Ning Xue?
Does Ning Xue meet Nasdaq independence rules for Jin Medical (ZJYL)?
AI-generated analysis. How Rhea-AI works. Not financial advice.