Executive Director of Dongwu Cement resigns

Peng Cheng has resigned as the executive director of China-based Dongwu Cement, with effect from 20 August 2019. According to a statement, Mr Cheng has resigned to focus on his other business commitments, which require more attention.

The board thanked Mr Peng for his contributions during his tenure and noted that he will remain as the director of certain subsidiaries of the company after his resignation.

The company had previously announced a shortage of independent non-executive directors. However, following this resignation the number has been restored to a third of the board, as required under listing rules.