Fujian Yongan Forestry launches major project, announces leadership changes

Fujian Yongan Forestry Group Joint-Stock announced the commencement of the Fujian Putian National Reserve Forest Construction Project (Phase I). The project has an estimated total investment of 15,378.42 yuan. It aims to enhance domestic timber supply and promote sustainable development. Construction is projected to last eight years, with an operational period extending from 2033-2054. The company will contribute 3,678.42 yuan in self-raised funds, with the remaining 76.08% financed through bank loans.

Concurrently, the company announced the resignation of Mr. Zhao Xiaokui as general manager due to personal reasons, effective September 17, 2025. Following his departure, Mr. Zha Guibing has been appointed as acting general manager, effective the same date.

Mr. Zha Guibing, born in July 1986, holds a master's degree and is a senior accountant. He previously served as deputy general manager and chief financial officer.