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Triumph New Energy Company ( (HK:1108) ) has provided an update.
Triumph New Energy Company Limited has announced a series of senior management and board changes effective 17 March 2026, including the resignation of executive director and president Zhang Rong from all his positions, including as authorised representative and strategic committee member. Zhang cited work adjustment as the reason for his departure and confirmed there were no disagreements with the board or outstanding claims, while the company publicly acknowledged his contributions during his tenure.
The board has nominated Liang Xiao, a senior engineer and safety specialist from Triumph Science & Technology Group Co., Ltd., as a non-executive director candidate for the eleventh board session, subject to shareholder approval at an upcoming meeting. In addition, existing executive director Chen Peng has been appointed as the new president and authorised representative, signaling continuity in leadership and an increased emphasis on safety, environmental protection, and group-level alignment in the company’s governance structure.
The most recent analyst rating on (HK:1108) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Triumph New Energy Company stock, see the HK:1108 Stock Forecast page.
More about Triumph New Energy Company
Triumph New Energy Company Limited, formerly known as Luoyang Glass Company Limited, is a joint stock limited company incorporated in the People’s Republic of China and listed in Hong Kong. The company operates in the new energy and glass-related materials sector and is ultimately controlled through Triumph Science & Technology Group Co., Ltd., reflecting its integration into a broader building materials and technology conglomerate.
Average Trading Volume: 4,946,836
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.98B
Learn more about 1108 stock on TipRanks’ Stock Analysis page.