Qingdao Marine Investment Group Removes Chairman Liu Shuzhi

Qingdao Marine Investment Group Co., Ltd. said it has removed Liu Shuzhi from his role as chairman under a document issued by the government of Huangdao District, Qingdao, and his position as legal representative will be removed accordingly, according to Jiemian News. The company said the change has completed internal procedures but the industrial and commercial registration update has not yet been finalized. Under a shareholders’ meeting resolution, director and general manager Liu Hongkuan will temporarily preside over operations, and the company will disclose information on the new chairman in due course. The company said the personnel change is a normal adjustment and will not have a material adverse impact on daily management, operations or debt-servicing capacity. The disclosure was made for six outstanding Shanghai Stock Exchange-listed bonds, including “21 Haiyang 01” (188562.SH), “24 Haitou 01” (253997.SH), “25 Haiba 01” (257183.SH), “25 Haiyang Y1” (258850.SH), “25 Haiyang Y2” (281106.SH) and “26 Haiyang 02” (281703.SH). The company was founded in 2003 and has registered capital of 1.606 billion yuan.