Chongqing Machinery & Electric Co., Ltd. Announces Executive Appointments
June 25, 2019
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Chongqing Machinery & Electric Co., Ltd. announced the appointment of Mr. Zhang Yongchao as non-executive Directors, Wang Haibing as Supervisors at the AGM. The Company convened a staff meeting on 25 June 2019 at which Mr. Xia Hua and Mr. Li Fangzhong were elected as the staff Supervisors. The appointment of Mr. Xia Hua and Mr. Li Fangzhong is not subject to approval by the Shareholders at the AGM. Zhang Yongchao has served as employee supervisor and director of asset business department of Chongqing Yufu Assets Management Group Co., Ltd., chairman and secretary of Party branch of Chongqing Guodi Asset Management Co., Ltd. since July 2018. Mr. Wang Haibing is the independent director, chairman of the audit committee and member of the remuneration and appraisal committee of since November 2018, the professor of the audit department of Chongqing University of Technology since December 2015.
CHONGQING MACHINERY & ELECTRIC CO., LTD. is principally engaged in the manufacture and sales of vehicle parts and components, general machinery, machinery tools and power equipment. The Company operates its business through nine segments: Engines, Gear Boxes, Hydroelectric Generation Equipment, Electrical Wires and Cables, General Machinery, Financial Services, Machinery Tools, High-Voltage Transformers and Materials Sales. Through its subsidiaries, the Company is also engaged in the manufacture of transmission systems for vehicles and pumps.