On the same day, the A-share "glass king" announced the resignation of four directors.
On the evening of December 5, Kibing Group (SH601636, stock price 681 yuan, market value 182700 million yuan) has successively issued announcements, saying that the company's actual controller and director Yu Qibing applied for resignation as a director, and the company's chairman He Wenjin applied to the company's board of directors to resign from the chairman and a member of the professional committee of the board of directors. At the same time, the company's directors Yao Peiwu and Hou Yinglan also applied for resignation as directors and members of the professional committee of the board of directors.
Yu Qibing no longer holds a management position
Kibing Group announced on the evening of December 5 that according to the needs of the company's reform and development, Yu Qibing applied to the company's board of directors to resign as a director and a member of the professional committee of the board of directors. After resigning from the above positions, Yu Qibing will no longer hold any management positions in the company, but will continue to serve the company as the founder.
The company said that Yu Qibing took the initiative to put forward the above strategic arrangements, which is conducive to the long-term development of the company. The company will improve the level of corporate governance by improving the modern enterprise system, building an efficient and professional board governance structure, and creating a new type of relationship between the board of directors and managers.
At the same time, He Wenjin, chairman of the company, resigned from the position of chairman of the board of directors for personal reasons, and will no longer serve as the company's legal representative and any other positions. The company's directors Yao Peiwu and Hou Yinglan resigned as directors and members of the professional committee of the board of directors due to work changes. Yao Peiwu and Hou Yinglan will continue to serve in the company (currently, Yao Peiwu serves as the secretary of the company's board of directors, and Hou Yinglan serves as the president of the company's development research institute).
Kibing Group said that the resignation of the four directors did not cause the company's board of directors to fall below the legal minimum and would not affect the normal operation of the company's board of directors. As of December 5, Yu Qibing and persons acting in concert held a total of 10 shares of Kibing GroupOf the 8.5 billion shares, He Wenjin does not hold shares of the company, Yao Peiwu holds 2 million shares of the company, and Hou Yinglan holds 2.45 million shares of the company.
In this regard, an investor left a message on the interactive platform: "Personnel changes, is it going to be reorganized?""It is estimated that we will bring in strategic investors. ”
The reporter of "Daily Economic News" contacted Yao Peiwu, secretary of the board of directors of Kibing Group, on the evening of December 5, who said through WeChat that the main reason is to innovate the governance of the company's board of directors and create an efficient and professional board of directors. Regarding rumors such as the introduction of strategic investors, Yao Peiwu directly denied them.
The company is in a period of transition
Kibing Group is mainly engaged in the research and development, manufacturing and sales of glass products, including silica sand raw materials, glass and glass deep processing, photovoltaic glass, electronic glass, pharmaceutical glass, etc., and is one of the largest enterprises in China.
Since 2018, the company has successively entered the market of electronic glass, pharmaceutical glass and photovoltaic glass, and reduced the proportion of architectural glass. In March this year, Yao Peiwu said in an interview with the "Daily Economic News" reporter that the company's architectural glass still accounted for about 90% at that time, and it will probably drop to 70% this year and 55% to 60% by 2024.
As of the end of June 2023, Kibing Group has 25 float production lines, 4 photovoltaic glass production lines, 2 high-alumina electronic glass production lines, 2 neutral borosilicate pharmaceutical glass production lines, 11 coated energy-saving glass production lines, 6 photovoltaic glass production lines and 2 high-performance electronic glass production lines under construction. According to the China Galaxy Research Report, in the third quarter of 2023, Kibing Group will complete and put into operation three 1,200-ton daily photovoltaic glass production lines. The proportion of emerging businesses continued to increase.
National Business Daily.