Chengde Lolo appoints new general manager

Hebei Chengde Lolo announced that general manager Liang Qichao resigned for personal reasons, effective July 28, 2025. Liang will retain his positions as vice chairman, executive director, and nomination committee member.

The board appointed Ding Xingxian as the new general manager, effective the same day. Ding, previously vice general manager, holds 1,000,000 shares of the company's restricted stock from the 2024 incentive plan and indirectly holds interests in 200,000 shares through the 2024 employee stock ownership plan.