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Guangzhou Shipyard International Co Ltd Announces Resignation Of Mr. Chen Jingqi And Appoints Mr. Yu Baoshan As Chairman


Thursday, 23 Aug 2012 09:00am EDT 

Guangzhou Shipyard International Co Ltd announced that Mr. Chen Jingqi resigned as director and chairman of the Board due to his age. Mr. Chen Jingqi will cease to be the Chairman of the Board with effect from August 23, 2012. Mr. Chen will also cease to be the Chairman of the Strategy Committee of the Board in accordance with the Implementation Rules and Regulations of the Strategy Committee of the Board with effect from August 23, 2012. Mr. Chen Jingqi’s resignation as director will be submitted to the shareholders of the Company for consideration at the first extraordinary general meeting of 2012. The Company also announced that appointment of Mr. Yu Baoshan as the Chairman of the Board, appointed Mr. Yu as Chairman of the Strategy Committee in accordance with the Implementation Rules and Regulations of the Strategy Committee of the Board, and redesignated Mr. Yu Baoshan from non-executive director to executive director due to job relocation with effect from August 23, 2012. 

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