China Satcom appoints new director, approves board changes

China Satellite Communications announced that Xu Wen has resigned from his positions as company director and member of the Board Strategy and Investment (ESG) Committee, effective immediately. Xu's departure is due to a work adjustment and does not impact the board's quorum. His original term was set to expire on August 29, 2026.

Following this, the company's Third Second Employee Representative Congress elected Lu Zheng as the new employee representative director for the Third Board of Directors. Lu, born in May 1978 and holding a master's degree, currently serves as the deputy chairman of the China Satellite Communications Labor Union and head of the Party-Mass Work Department. His term will run until the expiration of the current board's term.

Concurrently, the company held its Third Interim Shareholders' Meeting on October 14, 2025, where shareholders approved several key proposals. These included the cancellation of the Supervisory Board and revisions to the Articles of Association, amendments to the Shareholders' Meeting Rules and the Board Meeting Rules, and the re-appointment of the audit firm for the 2025 financial report and internal control audit. A total of 3,068,314,141 shares, representing 72.6333% of voting rights, were represented at the meeting.