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    1576   CNE1000031X7

QILU EXPRESSWAY COMPANY LIMITED

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Qilu Expressway Company Limited Announces Management Appointment

08/09/2021 | 07:56am EST

Qilu Expressway Company Limited announced that, at the meeting of the second session of the board (the "Board") of directors (the "Directors") of the Company convened on 9 August 2021, Mr. Wang Zhenjiang was elected as the chairman of the second session of the Board and the legal representative. The Board announced that Mr. Wang Zhenjiang has been appointed as the chairman of the nomination committee of the Board and Mr. Cheng Xuezhan has ceased to act as the chairman of the nomination committee, with effect from 9 August 2021. The nomination committee currently comprises one executive Director, namely Mr. Wang Zhenjiang (chairman); and three independent non-executive Directors, namely Mr. Cheng Xuezhan, Mr. Li Hua and Mr. Wang Lingfang. The Board announces that Mr. Wang Zhenjiang has been appointed as the chairman of the strategy committee of the Board with effect from 9 August 2021. The strategy committee currently comprises three executive Directors, namely Mr. Wang Zhenjiang (chairman), Mr. Peng Hui and Mr. Liu Qiang; one non-executive Director, namely Mr. Wang Shaochen; and one independent non-executive Director, namely Mr. Li Hua. The Board announces that Mr. Wang Zhenjiang, an executive Director, has been appointed as an authorised representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Mr. Peng Hui has ceased to act as an authorised representative, with effect from 9 August 2021.


ę S&P Capital IQ 2021
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Financials
Sales 2020 1 690 M 265 M 265 M
Net income 2020 621 M 97,3 M 97,3 M
Net Debt 2020 2 794 M 438 M 438 M
P/E ratio 2020 4,75x
Yield 2020 12,2%
Capitalization 4 660 M 598 M 730 M
EV / Sales 2019 2,21x
EV / Sales 2020 3,40x
Nbr of Employees 682
Free-Float 14,6%
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Managers and Directors
Hui Peng General Manager & Executive Director
An Dong Li Chief Financial Officer
Xin Meng Chairman-Supervisory Board
Xue Zhan Cheng Independent Non-Executive Director
Jia Le He Independent Non-Executive Director
Sector and Competitors