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    3300   BMG2111H1236

CHINA GLASS HOLDINGS LIMITED

(3300)
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China Glass Holdings Limited Appoints Wang Yuzhong as Independent Non-Executive Director, Chairman of the Remuneration Committee of the Board, Member of the Nomination Committee of the Board and a Member of the Audit Committee

06/22/2021 | 09:03am EDT

China Glass Holdings Limited announce the appointment of Mr. Wang Yuzhong ("Mr. Wang") as an independent non-executive director of the Company, the chairman of the remuneration committee of the Board (the "Remuneration Committee"), a member of the nomination committee of the Board (the "Nomination Committee") and a member of the audit committee of the Board (the "Audit Committee") with effect from 22 June 2021. He is currently a professor of the College of Chemistry at Sichuan University and has over 25 years of teaching experience. He specializes in the functionalization and high performance study of macromolecular materials as well as the development of environmentally friendly polymer materials. The Board has considered the Nomination of Mr. Wang as an Independent Non- executive Director (including Mr. Wang ' s independence confirmation) and the nomination of Mr. Wang as the chairman of the Remuneration Committee, a member of the Nomination Committee and a member of the Audit Committee, as well as Mr. Wang's skills, knowledge and experience.


ę S&P Capital IQ 2021
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Financials
Sales 2021 6 332 M 813 M 813 M
Net income 2021 975 M 125 M 125 M
Net Debt 2021 3 385 M 435 M 435 M
P/E ratio 2021 5,10x
Yield 2021 -
Capitalization 5 126 M 658 M 658 M
EV / Sales 2021 1,34x
EV / Sales 2022 0,96x
Nbr of Employees 3 436
Free-Float 44,4%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 2,81 HKD
Average target price 5,46 HKD
Spread / Average Target 94,2%
EPS Revisions
Managers and Directors
Guo Lu Chief Executive Officer & Executive Director
Li Ming Han Chief Finance Officer
Shou Peng Chairman
Jian Xun Wang Chief Technology Officer
Bai Heng Zhang Independent Non-Executive Director
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