SINOPEC SEG Proposes New Board Appointments and Announces Director Resignation

Stock News09-10 21:28

SINOPEC SEG (02386) has released an official announcement detailing proposed changes to its board of directors, alongside a separate resignation that takes immediate effect. The company has recommended the election of Mr. Zheng Lijun as an executive director and Mr. Peng Ganbing as a non-executive director, collectively referred to as the proposed appointments.

The board's recommendation comes as part of a routine governance update aimed at strengthening leadership and strategic oversight. Mr. Li Chengfeng has stepped down from his roles as non-executive director and a member of the Strategy and Development Committee, citing work-related adjustments. His resignation became effective on the date of the announcement, marking a swift transition in the company's leadership structure.

These proposed appointments are subject to shareholder approval and are expected to be formally considered at the company's next general meeting. The changes reflect ongoing efforts to optimize board composition and support the firm's long-term strategic objectives.

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