Centre Testing International completes board transition, boosts credit line

Centre Testing International Group Co., Ltd. announced the completion of its seventh board of directors' re-election and the appointment of senior management, effective December 25, 2025. Mr. Wan Feng was elected chairman, leading a 7-member board. Mr. Shentu Xianzhong was appointed president, with Mr. Qian Feng, Mr. Xu Jiang, Ms. Zhou Lu, Mr. Li Fengyong, Ms. Wang Hao, Ms. Jiang Hua, and Ms. Tian Qi appointed as vice presidents. Ms. Wang Hao also serves as the chief financial officer, and Ms. Jiang Hua as the board secretary.

The company's new board has established specialized committees, including the Strategy and ESG Committee, Remuneration and Nomination Committee, and Audit Committee. These committees comprise a mix of independent and non-independent directors, adhering to regulatory requirements.

In related developments, the company approved a performance guarantee for its wholly-owned subsidiary, Huace Engineering Testing Co., Ltd., for two Guangzhou subway projects. The guarantee amounts to 1,141,981.06 yuan, valid until December 31, 2026. Additionally, the board approved an increase in the comprehensive credit line application with Ningbo Bank Co., Ltd. by 300 million yuan, bringing the total proposed credit line for the company and its subsidiaries to 2.25 billion yuan.