Zhangzidao elects new chairman, revamps board committees

Zhangzidao Group (SZSE:002069) announced leadership changes and board committee revisions. Liu Dewei was elected Chairman, replacing the previous chairman, and will also become the company's legal representative. Mr. Liu has served as Party Secretary and Chairman of Dalian Zhangzidao Marine Development Group and Dalian Yanghua Group. The board also appointed members to its Strategy, Nomination, and Remuneration and Appraisal Committees. Mr. Liu will chair the Strategy Committee, while independent director Shi Da will chair the Remuneration and Appraisal Committee. Wang Guohong, another independent director, will lead the Nomination Committee. These changes are effective immediately and committee member terms will extend to the expiration of the current board's term.