China Railway Group appoints new chairman, changes legal representative

China Railway Group (SSE:601390) has announced a leadership transition, highlighted by the appointment of Chen Wenjian as the new Chairman of the Board. This follows the resignation of Chen Yun, due to retirement, from his positions as Executive Director, Chairman, and Legal Representative. Concurrently, Chen Wenjian has been relieved of his duties as President of the company. The board approved both changes on March 13, 2025. As Chairman, Chen Wenjian will also serve as the legal representative for China Railway Group. As part of the company's decision to repurchase and cancel certain restricted A shares, the company also made an announcement to its creditors that it would be reducing its capital. The announcement specified the timeline and methods of submitting creditors' claims and documentation.