MCC Appoints New Directors and Executives During Board Restructuring

MCC (01618) has announced a series of board and management changes following its recent extraordinary general meeting and board meetings.

According to the company's announcement, at the extraordinary general meeting, Mr. Li Zhongze and Mr. Chen Yang were appointed as executive directors of the fourth board of directors. Mr. Zhang Shuqiang, Mr. Peng Haiqing, and Mr. Peng Peng were appointed as non-executive directors. Ms. Zhou Guoping, Mr. Chen Shenghua, and Mr. Wu Jiezhuang were appointed as independent non-executive directors. Their respective terms commenced on the date of the resolution at the extraordinary general meeting and will continue until the expiration of the term of the fourth board of directors.

On August 13, 2026, the company held a workers' congress, electing Mr. Yan Aizhong as a staff representative director of the fourth board of directors. Upon the conclusion of the extraordinary general meeting, Mr. Bai Xiaohu, an executive director of the third board, Mr. Lang Jia, a non-executive director, and Mr. Liu Li and Mr. Wu Jianing, independent non-executive directors, retired from their positions.

At the first meeting of the fourth board of directors held on August 13, 2026, Mr. Li Zhongze was re-elected as the chairman of the board and the legal representative of the fourth board of directors. At the same meeting, Mr. Chen Yang was reappointed as the company's president. Mr. Zhu Guangxia, Mr. Xiao Peng, and Mr. Wang Bo were reappointed as vice presidents. Mr. Dong Su was reappointed as the vice president and chief accountant (financial controller). The term of each of the above senior management personnel will commence from the date of approval by the board of directors until the date when the new board of directors appoints a new team of senior management.

Mr. Chang Qi was reappointed as the company's board secretary and joint company secretary. His term will also commence from the date of approval by the board of directors until the date when the new board of directors appoints a new team of senior management.