BNBM Chairman, Vice Chairman and Two Senior Managers Resigned

2025-01-17 10:14:23

Beixin Building Materials (000786) (000786. SZ) announced that the board of directors of the company recently received a written resignation report from Mr. Xue Zhongmin, chairman of the company. Due to the need of work, Mr. Xue Zhongmin applied to resign from the positions of director, chairman, board strategy and ESG committee. It will perform its duties until the date when the board of directors of the company elects a new chairman. After his resignation, Mr. Xue Zhongmin will no longer hold any position in the Company and its holding subsidiaries.

Beixin Building Materials (000786) (000786. SZ) announced that the board of directors of the company recently received a written resignation report from Mr. Xue Zhongmin, chairman of the company. Due to the need of work, Mr. Xue Zhongmin applied to resign from the positions of director, chairman, board strategy and ESG committee. It will perform its duties until the date when the board of directors of the company elects a new chairman. After his resignation, Mr. Xue Zhongmin will no longer hold any position in the Company and its holding subsidiaries. On 16 January

2025, the Proposal on the Election of the Chairman of the Seventh Session of the Board of Directors of the Company was considered and approved at the 17th interim meeting of the seventh session of the Board of Directors of the Company, and Mr. Zhang was elected as the chairman of the seventh session of the Board of Directors of the Company, with the term of office being the same as that of the seventh session of the Board of Directors of the Company.

In addition, BNBM recently received a resignation report from Jia Tongchun, vice chairman of the board of directors. The reason for his resignation was "work needs". Wang Shuai, deputy general manager and financial officer of the company, also resigned recently. The reason was "work adjustment". Hao Xiaodong, deputy general manager, resigned because he had reached the legal retirement age and met the legal retirement conditions.

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On December 12, Beixin Building Materials issued the resolution announcement of the twenty-fifth interim meeting of the seventh board of directors. The announcement said that the board meeting considered and approved the Bill on the Appointment of Deputy General Manager of the Company, which had been considered and approved by the Nomination Committee of the Board of Directors of the Company. It was agreed to appoint Mr. Xu Qian as the deputy general manager of the Company (see below for his biographical details), with the term of office being the same as that of the seventh session of the Board, effective from the date of the resolution of this meeting.

2025-12-15 09:14:22

Beixin Building Materials (000786) (000786. SZ) announced that the board of directors of the company recently received a written resignation report from Mr. Xue Zhongmin, chairman of the company. Due to the need of work, Mr. Xue Zhongmin applied to resign from the positions of director, chairman, board strategy and ESG committee. It will perform its duties until the date when the board of directors of the company elects a new chairman. After his resignation, Mr. Xue Zhongmin will no longer hold any position in the Company and its holding subsidiaries.

2025-01-17 10:14:23

In terms of asset restructuring, both China National Building Material Group and China National Building Material Co., Ltd. made a commitment in the last asset restructuring of the company's engineering business that they would properly promote the integration of related businesses within three years after the completion of the asset restructuring of the engineering business to solve the problem of competition in the field of cement equipment.

2023-07-21 13:05:47

More vigilance is that capacity replenishment is essentially a reinvestment behavior, for cement enterprises, as soon as possible to recover investment costs is the core demand, which means that the probability of enterprises will significantly increase capacity utilization next year. For enterprises with no overproduction space and no capacity to supplement, they can only produce in strict accordance with the approved capacity. It is difficult to reconcile the uneven and "unfair" contradictions at the operational level, which will further aggravate the instability of the cement market next year. It can be predicted that after this round of supplementary production, a new round of market competition in the cement industry will begin.