On January 1, CSSC (Hong Kong) Shipping Company Limited (hereinafter referred to as “CSSC (Hong Kong) Shipping”) released “Changes in Chief Executive Officer and Changes in Company Secretary”.
The announcement disclosed that CSSC (Hong Kong) Shipping announced that the Chief Executive Officer, Mr. Li Xi, will leave the company on December 31, 2024, and will be succeeded by Mr. Li Hongtao, an Executive Director and Chairman of the Board of Directors, as Chief Executive Officer with effect from December 31, 2024, as mentioned in the announcement. Meanwhile, the announcement mentioned that Li Hongtao’s resume has not changed as of the date of the announcement.
In addition, Ding Weisong, the Secretary of CSSC (Hong Kong) Shipping, will also be resigning from his position on December 31, 2024. Ding Weisong confirmed that he has no disagreement with the Board of Directors, and the Board announced that Wu Guanhua will take over the position.
The announcement also pointed out that Li Hongtao’s arrangement as chairman of the board of directors and chief executive officer deviated from the corporate governance code, but the board of directors believed that this move would help promote the execution of the group’s business strategy and improve operational efficiency.