Pangang Vanadium elects new chairman, CEO resigns

Pangang Group Vanadium Titanium & Resources (SZSE:000629) announced on January 24, 2025, that Ma Zhaohui has been elected as the new Chairman of the Board, replacing the previous chairman. Mr. Ma will also resign from his position as General Manager, effective immediately. The company stated the resignation will not negatively impact daily operations, and a search for a new General Manager will begin promptly. Mr. Ma will continue to serve as a director and Chairman. As a participant in the company's 2021 restricted stock incentive plan, Mr. Ma holds 280,000 restricted shares. The company will manage these shares in accordance with relevant regulations. The board expressed gratitude for Mr. Ma's contributions during his tenure as General Manager.