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Leadership Changes at Luzhou Xinglu Water: Mr. Chen Qinan Appointed as New Chairman

Story Highlights
  • Luzhou Xinglu Water announces Mr. Zhang Qi’s resignation from key roles due to work changes.
  • Mr. Chen Qinan is appointed as Chairman, temporarily holding dual roles, which deviates from governance norms.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Leadership Changes at Luzhou Xinglu Water: Mr. Chen Qinan Appointed as New Chairman

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Luzhou Xinglu Water (Group) Co., Ltd. Class H ( (HK:2281) ) has provided an announcement.

Luzhou Xinglu Water (Group) Co., Ltd. announced the resignation of Mr. Zhang Qi from his roles as the Chairman of the Board, an Executive Director, and other key positions due to work changes. Mr. Chen Qinan, the current general manager, has been elected to replace Mr. Zhang as the Chairman of the Board and will also serve as the Chairman of the Strategy Committee and the authorized representative. This appointment results in a temporary deviation from the Corporate Governance Code, as Mr. Chen will hold both the roles of chairman and general manager, but the company believes this will not impact its operational efficiency or strategic execution.

The most recent analyst rating on (HK:2281) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Luzhou Xinglu Water (Group) Co., Ltd. Class H stock, see the HK:2281 Stock Forecast page.

More about Luzhou Xinglu Water (Group) Co., Ltd. Class H

Luzhou Xinglu Water (Group) Co., Ltd. is a company incorporated in the People’s Republic of China, operating in the water industry. It is listed on the Stock Exchange of Hong Kong and focuses on providing water-related services and products.

Average Trading Volume: 155,773

Technical Sentiment Signal: Buy

Current Market Cap: HK$636.2M

See more data about 2281 stock on TipRanks’ Stock Analysis page.

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