Newsletter summary
The board of directors of Datang Power Generation (00991) passed a personnel change motion: Wang Jianfeng was nominated as a director until June 28, 2025, Cao Xin stepped down, Zhao Ziang was hired as deputy general manager, Yan Luojun served as joint company secretary, and Mak Baowen ceased to hold the post.
Text of news flash
[Datang Power Generation (00991) Board of Directors major adjustment, new directors and company senior changes caused market attention] Datang Power Generation (00991) Board of Directors ushered in a major adjustment, aroused widespread market concern. Adopted at the meeting of the board of directorsTiger'sTroveTrekA series of proposals on personnel changes at the top of the company, involving key positions such as directors, deputy general managers and joint company secretaries. The board of directors approved Mr. Wang Jianfeng as a director of the eleventh session of the board of directors of the company until June 28, 2025, while Mr. Cao Xin ceased to be a director of the company. At the same time, Mr. Zhao Ziang was appointed as the deputy general manager of the company, effective immediately. In addition, Mr. Yan Luojun was appointed as Joint Company Secretary to assist Mr. Sun Yanwen, Chief accountant of the Company, Secretary of the Board of Directors and Joint Company Secretary, to perform his duties until September 14, 2025. Ms Mak Po-man, on the other hand, is no longer the joint company secretary. These senior personnel changes, especially the change of board members, may have an impact on the company's operating strategy, business direction and market performance. Investors need to keep a close eye on follow-up developments to assess the potential impact on the company's share price and performance.