Joining Forces for Development, Embarking Together on a New Journey toward the 15th Five-Year Plan | The Shareholders’ Meeting and Board of Directors of China Air Separation Co., Ltd. Conclude Successfully

Release time:

2025-12-25

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On December 24, the second and third shareholders’ meetings for China Air Separation’s 2025, the 16th meeting of the 5th Board of Directors, and the 1st and 2nd meetings of the 6th Board of Directors were successfully held in Hangzhou. The meetings were chaired by Xu Xianghui, Party Secretary and Chairman of the company. All shareholders, directors, and supervisors of the company attended the meetings, and members of the company’s leadership team as well as heads of relevant departments were present as observers.

At the meeting, Xu Xianghui delivered the work report on the term of office on behalf of the 5th Board of Directors. The meeting noted that, in the face of a severe, complex, and volatile economic situation both domestically and internationally, under the correct leadership of the higher-level Party committee and the company’s Party committee, with the full trust and strong support of all shareholders, and guided by the sound decisions of the company’s Board of Directors, the management team led all cadres to unite as one, bravely tackle challenges, and strive relentlessly, continuously promoting the company’s reform and development and achieving solid business performance.

The meeting reviewed and approved more than ten proposals and reports, including the “Work Report of the 5th Board of Directors” and the “Election of the 6th Board of Directors.” The company’s shareholders recognized the achievements made over the past several years by the 5th Board of Directors and the management team of China Air Separation, and put forward suggestions and hopes for the company’s sustained development during the 15th Five-Year Plan period.

Following a vote at the general meeting, the company’s sixth board of directors was successfully elected. Ding Yizhou, Li Jijie, Shen Huxiang, Zhang Xingdong, Chen Kai, Lin Lihong, and Xu Xianghui (listed in order by the number of strokes in their surnames) were elected as directors of the sixth board of directors. Xu Xianghui and Chen Kai were respectively elected as Chairman and Vice Chairman of the sixth board of directors of China Air Separation.

The meeting appointed the new management team for China Air Separation, with Li Jijie serving as General Manager. The Board of Directors’ Audit Committee was also appointed, with Lin Lihong serving as its chairperson. Chen Chongwen was appointed as an observer to the Board of Directors.

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Finally, Xu Xianghui delivered a statement on behalf of the newly elected board of directors. Xu Xianghui noted that this meeting comes at a critical juncture—the concluding stage of the company’s 14th Five-Year Plan and the start of planning for the 15th Five-Year Plan. During the new term, he expressed his hope that all shareholders will continue to pay close attention to and support the company’s development. The newly appointed board of directors will focus particularly on drafting and preparing the 15th Five-Year Plan, further enhancing its role in “setting strategies, making decisions, and managing risks,” thereby propelling the company to a new level of development during the 15th Five-Year Plan period.

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Xu Xianghui emphasized:

First, we must take restructuring and reform as a breakthrough point to effectively address key challenges related to the company’s long-term development and enhance the company’s platform capabilities.

Second, we should actively draw on the best practices of listed companies in terms of standardized management, build a modern corporate governance system that meets the company’s development needs, and enhance the company’s capabilities in standardized governance and risk prevention.

Third, take the company’s high-quality development as the starting point, integrate national and industry development trends into the company’s strategic direction, enhance the integrated application of smart technologies in engineering projects, and build the company’s distinctive competitive advantages.

Fourth, we must leverage the dual-drive of both domestic and international markets, intensify efforts to develop overseas markets, create a second growth curve for the company’s development, continuously expand our business scale and improve profitability, and achieve a new stage of high-quality development.

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