The board of directors of China Energy Engineering Corporation Limited announced that, it has received a resignation letter from Mr. Song Hailiang, the chairman of the Board and an executive Director of the Company. Mr. Song resigned from his positions as the chairman of the Board, an executive Director, the chairman of the Strategy Committee of the Board, the chairman of the Nomination Committee of the Board and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited due to work adjustment, with effect from 30 June 2025. After his resignation, Mr. Song will no longer hold any position in the Company.
Mr. Song has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that need to be brought to the attention of the shareholders of the Company or the Stock Exchange. According to the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association of China Energy Engineering Corporation Limited (the "Articles of Association"), Mr. Song's resignation did not cause the number of members of the Board to fall below the statutory minimum quorum, nor did it affect the normal operations of the Board. Pursuant to the Articles of Association, Mr. Ni Zhen, the vice chairman of the Company, will temporarily assume the powers and responsibilities of the chairman of the Board and legal representative until the election of a new chairman of the Board.
During his tenure of office at the Company, Mr. Song had always been diligent and dedicated, and ushered a new era for Energy China with extraordinary strategic wisdom and superb management skills. He proposed and vigorously implemented the "Several Opinions", "1466" and the "Four-new" Energy China strategy, upheld the core development philosophy of "innovation, green, digital intelligence and integration", adhered to strategy guidance to expand into new areas, enhanced scientific technology to create new engines, deepened the reform of state-owned enterprises to motivate new driving forces, highlighted scientific management to inject new vitality, all of which have made extraordinary contributions to the Company's reformation and development, and guided the Company in achieving high-quality and leapfrog development.
