The Company's 10th Meeting of the 6th Board of Directors Concludes in Shenzhen, Completing Leadership Transition for the Board and General Manager
Date:August 27, 2025
On the morning of August 27, the Company's 10th Meeting of the 6th Board of Directors (the 56th meeting in total) was held in Shenzhen. Chairman Wang Yongxin, Vice Chairman Zhu Maijin, and Directors Xu Hui, Tian Chao, Lou Dongyang, Xu Yinsheng, and Zhai Wenfeng attended the meeting, which was chaired by Wang Yongxin. The directors reviewed the Company's mid-2025 work report, proposals regarding adjustments to the Board composition, changes to the membership of the Remuneration Committee and the Audit Committee, and the proposal concerning the change of the Company's General Manager, among other matters.
The meeting successfully completed the Board transition. Former Chairman Wang Yongxin, former Vice Chairman Zhu Maijin, and former Directors Qin Jiong, Tian Chao, and Lou Dongyang resigned from their positions. New Directors Zhang Yong, Zhang Lei, Liu Chunting, Cong Jian, and Sheng Shanxing were appointed. The new Board of Directors comprises Chairman Zhang Yong, Vice Chairman Xu Hui, and Directors Zhang Lei, Liu Chunting, Xu Yinsheng, Zhai Wenfeng, Cong Jian, and Sheng Shanxing.
Meanwhile, in accordance with the CLNG Board resolution, the Company has completed the transition of the General Manager position. Former General Manager Mr. Cong Jian stepped down upon completion of his term. Approved by the Company's Board of Directors, Mr. Sheng Shanxing was appointed as the Company's General Manager, effective August 27, 2025.
This Board transition and General Manager adjustment represent significant steps by CLNG to enhance corporate governance and optimize the management team structure, fully reflecting the Company's strategic planning and layout for future development. Going forward, under the leadership of the new Board, CLNG will continue to focus on its core business, deepen innovative development, and contribute more substantially to industry advancement and shareholder value creation.
