Zijin Mining (HKG:2899, SHA:601899) founder Chen Jinghe will step down as chairman after leading the company for more than three decades, according to a Nov. 28 Hong Kong bourse filing.
Chen declined to accept nomination for the ninth-term board due to age and family reasons. The filing did not name a successor.
He will become the company's lifetime honorary chairman and senior adviser, pending shareholder approval, and will continue to provide guidance on major strategic matters.
Shares of the miner were up 5% in late-morning trade Monday.
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