Riyue Heavy Industry announces leadership changes, Q3 earnings call

Riyue Heavy Industry Co., Ltd. (SSE:603218) announced the early termination of a share reduction plan by former director and deputy general manager Mr. Zhang Jianzhong. While Mr. Zhang had planned to reduce his holdings by up to 156,900 shares, he did not sell any shares before terminating the plan due to his resignation from the company. Prior to this, Mr. Zhang held 627,920 shares, representing 0.0609% of the company's total shares.

The company further disclosed the resignations of Mr. Zhang Jianzhong as director and deputy general manager, and Mr. Wang Ye as director and board secretary, effective November 21, 2025. In response, Riyue Heavy Industry appointed Mr. Fu Lingxiao as executive deputy general manager and Mr. Lu Jianbo as deputy general manager and board secretary. The board also proposed Mr. Fu Lingxiao and Mr. Lu Jianbo as new non-independent director candidates, and adjusted the composition of its specialized committees.

Riyue Heavy Industry will host a Q3 2025 earnings conference on November 28, 2025, from 9:30 AM to 10:30 AM, accessible via the Shanghai Stock Exchange Roadshow Center. The conference will feature chairman and general manager Mr. Fu Mingkang, deputy general manager and board secretary Mr. Lu Jianbo, chief financial officer Mr. Du Zhi, and independent director Ms. Tu Wenjun, to discuss the company’s third-quarter performance.