Another chairman of a listed company is replaced!

On November 1, Sany Heavy Energy announced that due to job changes, Mr. Zhou Fugui applied to resign as chairman and legal representative of the company.

In addition, Sany Heavy Energy held the 23rd meeting of the second board of directors on October 31, 2025, deliberated and adopted the Bill on the Election of the Chairman of the Second Board of Directors of the Company, and agreed to elect Mr. Li Qiang, the director and general manager of the company, as the chairman of the second board of directors. The term of office shall commence from the date of approval by the Board of Directors and end on the expiry date of the term of the second session of the Board of Directors.

According to the third quarter report of Sany in 2025, the company achieved a total operating income of 14.451 billion yuan in the first three quarters, an increase of 59.36% over the previous year, and a net profit of 122 million yuan , a decrease of 82.21% over the previous year.

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Mr. Li Qiang, male, born in September 1980, a Chinese national with no overseas permanent residence, graduated from China University of Mining and Technology, majoring in mechanical engineering and automation, and Zhejiang University, majoring in mechanical engineering, with a doctoral degree. From September 2008 to January 2012, he worked in General Electric (China) Global Research and Development Center Co., Ltd. as a research and development engineer; from April 2012 to June 2018, he worked in Guodian United Power Technology Co., Ltd. as the chief engineer of the technical center; From September 2018 to September 2020, he served as the president and chief engineer of Sany Heavy Energy Research Institute; from September 2020 to August 2022, he served as the director, deputy general manager, chief engineer and president of Sany Heavy Energy Research Institute; from August 2022 to April 2023, he served as the director, general manager, chief engineer and president of Sany Heavy Energy Research Institute; Since April 2023, he has been the director, general manager and chief engineer of Sany Heavy Energy.