Shandong International Trust Plans Leadership Change With New Executive Director

An announcement from Shandong International Trust Corp. Class H ( (HK:1697) ) is now available.

Shandong International Trust announced that chairperson and executive director Yue Zengguang will step down from his board and committee roles due to work arrangement adjustments, though he will remain in post until successors formally assume office. The board noted there is no disagreement associated with his resignation and expressed appreciation for his contributions, indicating a planned and orderly leadership transition.

The company plans to appoint Zhao Zikun as an executive director, chair of the Strategies and Risk Management Committee, and member of the Nomination and Remuneration Committee, subject to shareholder and regulatory approvals. Zhao brings nearly three decades of financial management experience, senior roles at Lucion Group, and prior non-executive directorship at Shandong International Trust, suggesting continuity and strengthened oversight in the firm’s strategic and risk management functions.

The most recent analyst rating on (HK:1697) stock is a Hold with a HK$0.36 price target. To see the full list of analyst forecasts on Shandong International Trust Corp. Class H stock, see the HK:1697 Stock Forecast page.

More about Shandong International Trust Corp. Class H

Shandong International Trust Co., Ltd. is a PRC-incorporated financial institution engaged in trust and related financial services, with its H shares listed on the Hong Kong Stock Exchange under stock code 1697. The company operates under a board-led governance structure with dedicated committees overseeing strategy, risk management, nominations, remuneration, and consumer rights protection.

Average Trading Volume: 301,279

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.61B

See more data about 1697 stock on TipRanks’ Stock Analysis page.