China First Heavy Industries Removes Lu Wenjun as Director and Chairman After Bribery Conviction

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China First Heavy Industries announced that the company held the 66th meeting of the fourth board of directors on August 11, 2026, and approved a proposal to remove Lu Wenjun from his positions as director and chairman. Lu Wenjun was sentenced to criminal punishment for accepting bribes. In accordance with the Company Law and the company's articles of association, the board agreed to remove him from his posts. The proposal must be submitted to the shareholders' meeting for deliberation.

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