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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