China Tianrui Group Cement Company Limited (stock code: 01252) has named Zhang Yu as an independent non-executive director (INED) effective 31 July 2026. Zhang will also join both the Audit Committee and Nomination Committee. His annual remuneration is set at HK$0.24 million, aligned with market benchmarks and the firm’s remuneration policy.
Zhang, 43, holds a bachelor’s degree in Accounting, Finance and Management from Southwestern University of Finance and Economics and brings 19 years of experience spanning SOE taxation, private equity and leasing finance. He currently serves as Chief Financial Officer at Shanghai Ronglian Finance Leasing Share Co., Ltd. and has previously held senior roles at Chengdu Zhaofu Equity Investment and Honghua Group.
Concurrent with Zhang’s appointment, Li Fengluan has been added to the Nomination Committee. The five-member body now comprises Kong Xiangzhong (chair), Mak Tin Sang, Li Tao, Li Fengluan and Zhang Yu.
With three INEDs now on the Board, China Tianrui has restored compliance with Hong Kong Listing Rules 3.10(1), 3.10A and 3.21, which require a minimum of three independent directors, representation of at least one-third of the Board, and an Audit Committee of no fewer than three members, respectively.
Trading in China Tianrui’s shares has been suspended since 23 March 2026 and will remain halted pending the publication of an independent investigation’s findings and the release of the company’s 2025 annual results. Investors are advised to exercise caution when dealing in the company’s securities.
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