Qifeng New Material announces leadership changes

Qifeng New Material Co., Ltd. announced significant leadership changes following a board meeting held on June 11, 2025. Li Andong has been elected as the new Chairman, succeeding Li Xuefeng, who will now serve as Vice Chairman. Concurrently, Li Runsheng has been appointed as the new General Manager. These changes come as Li Xuefeng steps down from his role as Chairman, and Li Andong resigns from the position of General Manager and Vice Chairman. Additionally, Zhu Hongsheng has retired from his position as Deputy General Manager and Li Wenhai resigned from his role as Deputy General Manager and board member. Li Runsheng has been elected to replace Li Wenhai as board member. Li Runsheng holds 28,145,855 shares of the company, accounting for 5.03% of total equity.