2023, the State Development Investment Group Co., Ltd. Announced the notice of the Organization Department of the Central Committee of the Communist Party of China on the appointment and removal of Comrades Chai Yanli and Li Ruge: Comrade Chai Yanli was appointed Chief Accountant and Party Member of the State Development Investment Group Co., Ltd; Li Ruge was relieved from the post of Chief Accountant and Party Member of the State Development Investment Group Co., Ltd. and retired. The appointment and removal of relevant posts shall be handled in accordance with relevant laws and regulations. According to
public information, the State Development Investment Group Co., Ltd. (Hereinafter referred to as "CITIC") was established in 1995 and is an important state-owned backbone enterprise directly managed by the central government. It was formally transformed into a state-owned capital investment company in June 2022. The registered capital of SDIC is 33.8 billion yuan, and by the end of 2022, the total assets of the group are 795 billion yuan, with about 50,000 employees. In 2022, the Group achieved a total operating income of 21.4 billion yuan and a total profit of 23.3 billion yuan. For 19 consecutive years, the Group has been awarded Grade A in the performance appraisal of the SASAC of the State Council, and has been awarded excellent performance enterprises for 6 consecutive terms.