China National Building Material Company Limited (CNBM), a major player in global cement and construction materials, has unveiled significant administrative changes impacting its board. In today’s announcement, the company appointed a new joint Party Committee Secretary, Mr. Chung, and introduced a newly organized leadership structure to align with post-merger governance reforms.
The company also earlier recorded the resignation of Li Xinhua from his role as a non-executive director due to retirement, effective October 25, 2024. His departure was confirmed to have no disagreement with the board and does not affect its operational integrity or compliance with regulatory norms. Additionally, Liu Yan, an executive director, and Xiao Jiaxiang, a non-executive director, stepped down in mid-2024—both resignations attributed to work adjustments and retirement, respectively. These moves were certified as non-disruptive and legally compliant.
These changes come amid CNBM’s broader structural transformation, including its reinforcement post-merger and efforts toward consolidating subsidiaries like Sinoma under unified governance. The shake-up underscores the company’s focus on integrating governance, reinforcing party leadership, and streamlining administrative oversight as it advances its strategic roadmap.
