China COSCO Holdings changes Executive Director
The board of directors of China COSCO Holdings Company Limited announces that Mr. Jiang Lijun has tendered his resignation as an executive Director and the president of the Company with effect from 8 December 2015, the company said in its press release. Mr. Jiang Lijun will cease to be a member of the strategy and development committee and nomination committee of the Company upon his resignation taking effect. Mr. Jiang Lijun’s resignation was because he has reached the retirement age.
Mr. Xu Zunwu has been proposed by the Board to be appointed as an executive Director, and he will perform the duties of president of the company starting from 9 December 2015. According to the articles of association of the company, the appointment of Mr. Xu Zunwu as an executive Director is subject to the approval of the Shareholders at a general meeting. An ordinary resolution in relation to the appointment of Mr. Xu —1— Zunwu as an executive Director will be proposed at the next general meeting of the Company.
Mr. Xu Zunwu, aged 58, is currently the deputy general manager of the Company, the vice chairman, managing director and vice party secretary of China COSCO Bulk Shipping (Group) Co., Ltd. , the chairman of China COSCO Bulk Carrier Co., Ltd., the chairman of Qingdao Ocean Shipping Co., Ltd. , the chairman of Shenzhen Ocean Shipping Co., Ltd. and the chairman of COSCO (H.K.) Shipping Co., Limited. H