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The latest announcement is out from Qilu Expressway Co., Ltd. Class H ( (HK:1576) ).
Qilu Expressway Company Limited announced that chairman and executive director Wei Yong will resign from all his roles, including board chair, committee chairmanships, legal representative, and authorised representative, effective 30 April 2026 due to work reassignment, with no reported disagreements with the board. The company plans to name a new strategy committee chair later and has proposed appointing Li Tianzhang, a veteran state-owned enterprise executive with extensive experience in investment and infrastructure-related businesses, as an executive director subject to shareholder approval, signaling continuity in leadership and governance for investors and other stakeholders.
Li has held senior roles across Shandong Hi-Speed Group and various listed subsidiaries, including chairmanships and nomination committee leadership positions, and currently serves as Secretary of the CPC Committee of Qilu Expressway. His appointment, once approved, is expected to reinforce the company’s alignment with its state-owned parent ecosystem and maintain stability in strategic decision-making during the leadership transition following Wei’s departure.
More about Qilu Expressway Co., Ltd. Class H
Qilu Expressway Company Limited is a mainland China-based operator of expressways and related infrastructure, listed in Hong Kong. The group focuses on toll road investment, construction, and operation, serving regional transportation needs in Shandong province and supporting broader logistics and economic activity along its routes.
Average Trading Volume: 91,730
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.72B
For a thorough assessment of 1576 stock, go to TipRanks’ Stock Analysis page.