MMG appoints new CEO, Zhao Jing Ivo, from April 2025

MMG Limited (HKEX:1208) announced Zhao Jing Ivo as the new CEO and Executive Director, effective April 12, 2025. The move sees current CEO Cao Liang resign to take on a senior role with China Minmetals Non-ferrous Metals in Beijing, transitioning to a Non-executive Director at MMG. Zhao, aged 41, previously served as Executive General Manager Operations - Americas and will receive an annual fixed remuneration of $A1,729,034 (approximately HK$8,472,266). He also is eligible for performance-based incentives. The board expressed gratitude to Mr. Cao for his service as CEO. Mr. Cao will waive all director's fees with effect from 12 April 2025. Jiqing Xu will remain Chairman of the Company.