Liu Yanhua named chairwoman of Sailun

On 30 December 2022, Sailun held a general meeting of shareholders to elect members of the sixth board of directors. Liu Yanhua was elected chairwoman of the tyre manufacturer, and Xie Xiaohong became president of Sailun. Liu Yanhua’s resume shows that she worked in two accounting firms before coming to Sailun. Prior to being elected as the chair, Liu Yanhua was the vice chairwoman, executive vice president and chief financial officer of Sailun.

The original chairman Yuan Zhongxue was appointed the honorary chairman of the sixth board of directors. Sailun said that “after Yuan Zhongxue became the honorary chairman of (Sailun), he will also serve as a director (on the board of directors) at the same time. He will continue to participate in Sailun’s strategic planning, review major decision-making matters, and guide and supervise the implementation of the company’s strategic planning”. According to public information, Yuan Zhongxue is still a member of the strategy and sustainable development committee of Sailun’s sixth board of directors.

Sailun also appointed several senior executives. Zhou Tianming, Zhu Xiaobing, Zhou Shengyun, Gu Kai, Li Jiqing, and Geng Ming were hired as vice presidents of the tyre manufacturer. Geng Ming also serves as the chief financial officer, and Li Jiqing’s other position is the secretary of the board of directors.

Sailun did not disclose the reasons for the adjustment of the chair. According to the data revealed by the tyre company, Liu Yanhua directly holds 9.5 million shares of Sailun. Yuan Zhongxue owns more than 219 million shares. If only considering the shareholding ratio, the actual controller of Sailun is Yuan Zhongxue, something that has not changed.