Dynagreen appoints new general manager, plans debt issuance

Dynagreen Environmental Protection Group Co. (HKEX: 1330) has appointed Cheng Suning as its new General Manager, effective February 24, 2025. Cheng, aged 40, previously served as a non-executive Director for Dynagreen and has held various management positions at Beijing State-owned Assets Management Co. The company also announced that Qiao Deiwei will step down as acting general manager but will remain as chairman of the Board and an executive Director. Coinciding with this leadership transition, Dynagreen has proposed the issuance of medium-term notes totaling RMB1 billion. The funds raised will primarily support working capital, debt repayment, and other business activities. The proposed issuance, approved by the Board on February 24, 2025, is subject to approval by the National Association of Financial Market Institutional Investors and will be determined with the Company's capital needs and market conditions. The announcement underscores Dynagreen's strategic focus on optimizing its financial structure and seeking new funding channels.