China First Heavy Industries chairman arrested on bribery suspicion

China First Heavy Industries announced today, November 19, 2025, that its chairman, Lu Wenjun, has been formally arrested on suspicion of bribery. This follows an earlier disclosure on May 10, 2025, regarding the chairman's investigation. The company's parent, China First Heavy Industries Group, received a notice from the procuratorate detailing the compulsory criminal measures.

Despite this situation, China First Heavy Industries reported that its production and operations remain normal. The company continues to operate in accordance with relevant laws, regulations, and its articles of association.

As of this announcement, the company's board of directors is functioning normally, with Zhang Wenping, a director, temporarily acting as chairman and legal representative. The senior management team is responsible for daily operational management, and the production and operations of the company and its subsidiaries are proceeding as usual. The company will continue to monitor further developments and fulfill its information disclosure obligations.