China International Marine Containers Co., Ltd. Announces Management Changes
August 27, 2020 at 10:56 am EDT
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The Board of China International Marine Containers (Group) Co., Ltd. announced that, on 27 August 2020, the Board received the written resignation from Mr. WANG Hong. Mr. WANG Hong has tendered his resignation from the position of Chairman and non-executive Director of the company and all the positions in the committees of the Board due to the change in work arrangement. On the same day, the Board received the written resignation from Mr. MAI Boliang, CEO and President of the Company, tendering his resignation from the position of president of the company due to the change in work arrangement. The Board also announced that, at the 12th meeting of the ninth session of the Board in 2020 held on 27 August 2020, (i) Mr. MAI Boliang, current executive Director, has been elected as the Chairman of the ninth session of the Board, with effect from 27 August 2020; (ii) Mr. DENG Weidong and Mr. GAO Xiang have been nominated as additional candidates for directorships of the ninth session of the Board, and the Board has agreed that the nominations will be submitted to the general meeting for consideration and approval; Mr. GAO Xiang has been appointed as President of the Company, with effect from 27 August 2020; and (iii) the Board has appointed members of the committees. At the 12th meeting of the ninth session of the Board in 2020 held on 27 August 2020, the Board has also appointed the following members of committees: The Strategy Committee: Mr. MAI Boliang (Chairman); Mr. LIU Chong; Mr. HU Xianfu. The Nomination Committee: Ms. LUI FUNG Mei Yee, Mabel (Convener); Mr. MAI Boliang; Mr. HE Jiale.
China International Marine Containers (Group) Co., Ltd. is a leading global producer of containers and transport equipment. Net sales break down by family of products and services as follows:
- road transport vehicles (27.9%);
- containers (22.8%): dry containers, refrigerated containers, tank containers, etc.;
- equipment for food and chemical industries (14%);
- logistics services (11.2%);
- airport equipment (6.5%): freight equipment, boarding bridges, etc.;
- petroleum equipment (5.4%);
- property development services (2.3%);
- finance services (1.8%);
- other (8.1%): primarily construction equipment (semi-trailers, tanker trucks, dump trucks, concrete mixers, garbage compressors, road sweepers, high pressure washers, etc.).
Net sales are distributed geographically as follows: China (60.2%), Asia (3.9%), Americas (18.9%), Europe (15.2%), and other (1.8%).