CMST Development announced that Director Li Yongzhao has resigned from his positions as director, member of the Remuneration and Appraisal Committee, and member of the Strategy and Investment Management Committee, effective upon delivery of his resignation to the board, having reached the statutory retirement age. The company stated that his resignation will not cause the number of board members to fall below the statutory minimum, that handover work has been completed, and that a by-election will be held as soon as possible.
CMST Development Co LtdDirector resigns due to retirement; no material impact on operations or strategy.