Qinchuan Machine Tool appoints new CFO after resignation

Qinchuan Machine Tool & Tool Group Share announced the appointment of Liu Yuan as the company's new Chief Financial Officer, effective May 23, 2025. This follows the resignation of Zhang Qiuling, who stepped down from the CFO role due to a job adjustment within the company, according to a company statement. Zhang’s resignation was effective immediately upon submission to the board and she will remain with Qinchuan Machine Tool in a different management capacity. The appointment of Liu Yuan was approved at the company's ninth board meeting, the thirteenth session. He was nominated by General Manager Liu Jinyong and reviewed by the Nomination Committee and the Audit Committee. Liu Yuan, born in July 1978, is a member of the Chinese Communist Party with two master's degrees and certifications as an accountant and certified public accountant. He previously held financial management roles at companies including BYD Auto, Fast Gear, and Weichai Power.