China Shanshui shareholders vote to remove and appoint board members

By Caroline Salls

Pittsburgh, Dec. 2 – China Shanshui Cement Group Ltd.’s shareholders voted on the removal and appointment of several members of the company’s board of directors at an extraordinary general meeting held Tuesday, according to a news release.

The directors who were removed, effective immediately, include Zhang Bin, Chang Zhangli, Lee Kuan-Chun, Cai Guobin, Ou Chin-Der, Wu Ling-ling, Zeng Xuemin and Shen Bing.

The shareholders approved the appointment of executive directors Li Liufa and Li Heping, as well as the appointment of non-executive directors Stephen Liu Yiu Keung, Godwin Hwa Guo Wai and Ng Qing Hai, director Chong Cha Hwa and independent non-executive directors Angela Ho Man Kay, Cheung Yuk Ming and Law Pui Chueng.

In addition, the shareholders passed a resolution removing each of the directors appointed to the board on or after Oct. 15, up to and including the time immediately before the holding of the meeting.

According to a separate news release, the board elected Chong Cha Hwa and Stephen Liu Yiu Keung to fill the vacant positions as authorized representatives of the company.

Also, Chueng Yuk Ming has been appointed as the chairman of the audit committee and member of the nomination and remuneration committees; Ho Man Kay has been appointed as the chairman of the remuneration committee and member of the audit and nomination committees; Li Liufa has been appointed as chairman of the nomination and executive committees; Li Heping has been appointed as a member of the executive committee; Liu Yiu Keung has been appointed as member of the nomination and executive committees; Chong Cha Hwa has been appointed as a member of the executive committee; and Law Pui Cheung has been appointed as member of the audit, nomination and remuneration committees.

The board said an investigation committee has also been set up to investigate actions taken by the company in the past. That committee is comprised of Ho Man Kay, Chueng Yuk Ming and Law Pui Cheung.

Chong Cha Hwa has been appointed as the company secretary and chief financial officer.

The cement manufacturing company is based in Jinan, China.

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