South Manganese announces board leadership transition, new executive director

South Manganese Investment Limited announced a leadership transition, with Zhang Yi stepping down as chairman and executive director from October 10, 2025, to focus on other business commitments while remaining a vice president. Zhang He, currently an executive director and deputy general manager, will assume the role of chairman on the same date. Zhang He, 38, joined the company in December 2020, holds a master's degree in accounting, and has extensive experience in securities markets and company management. His current annual director's fee is HK$50,000.

Concurrently, An Wei, 43, will be appointed as an executive director from October 10, 2025. An Wei, who joined the company in September 2024 as a vice president, holds a Bachelor of Arts degree and brings over 17 years of banking experience in administrative management, corporate governance, and strategic investment. His director's fee will also be HK$50,000 annually.

Following these changes, Zhang Yi will cease to be a member of the remuneration and nomination committees. Xu Xiang, an executive director, will be appointed to both committees. The company's board will then comprise six executive directors, one non-executive director, and five independent non-executive directors. Zhang He will chair both the remuneration and nomination committees, while Yuan Mingliang will chair the audit committee.