Shandong Bohui Paper Industry Appoints New Board Secretary: Capital Market Veteran Shen Qiang Takes Over

Deep News13:02

On the evening of February 19, leading paper manufacturer Shandong Bohui Paper Industry Co.,Ltd. (600966.SH) announced that former Deputy General Manager and Board Secretary Wei Yongqing stepped down due to work adjustment. Capital market veteran Shen Qiang has been appointed to this key position, bringing fresh momentum to the company's pulp-paper integration strategy and capital operations.

**Smooth Transition in Leadership** After his resignation, Wei Yongqing will continue overseeing the company's investment-related work. His departure took immediate effect, though his original term was set to expire on October 26, 2026. On the same day, the board approved the appointment of Shen Qiang as Deputy General Manager and Board Secretary, with his tenure aligned to the 11th board term. Shen has obtained the Shanghai Stock Exchange qualification certificate for board secretaries, demonstrating his professional competency.

**New Board Secretary Brings Strong Capital Market Expertise** Born in 1973 and a graduate of Xi'an Jiaotong University, Shen Qiang boasts extensive capital market experience, having served as board secretary/executive at multiple listed companies including SDIC Capital, GCL Energy, and Baoxin Technology. He has led critical capital operations such as IPOs, backdoor listings, and a RMB 3.7 billion private placement, facilitating mergers, restructuring, and corporate transformations. His achievements earned him industry accolades like the "Golden Steed Award" for outstanding board secretaries.

**Strategic Alignment for Growth** Specializing in high-end packaging paperboard, Shandong Bohui Paper Industry is a domestic leader in pulp-paper integration. The company reported Q1-Q3 2025 revenue of RMB 14.45 billion (+3.46% YoY) and is currently expanding its chemical wood pulp production line with a RMB 1.701 billion upgrade project, projected to boost capacity by 236.84%. Shen's appointment is expected to strengthen capital market support for these strategic initiatives.

**Outlook** With this leadership optimization, Shandong Bohui Paper Industry aims to better balance operational execution and capital market strategies, injecting new vitality for sustainable high-quality development.

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