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China Rongsheng sees change of executive director

China Rongsheng sees change of executive director
Troubled Chinese yard China Rongsheng has seen a change in its board with the resignation of Luan Xiao Ming as an executive director and chief operating officer of the company with effect from 31 December 2013.

According to a stock market announcement, Luan resigned to pursue other opportunities for development and confirmed that he did not have any disagreement with the board or have any other matter relating to his resignation that needs to be brought to the attention of shareholders.

Luan is being replaced as an executive director by Zhu Wen Hua. Zhu, 45, has served as an assistant supervisor of the supervisory audit department and a supervisor of the bidding control department of Rongsheng unit Jiangsu Rongsheng Heavy Industries since 2009 and January 2012 respectively.

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