Weilong Co., Ltd. announced that the company intends to transfer 49% of its wholly-owned subsidiary Qingdao Jiji Mechanical and Electrical Co., Ltd. ("Polymeric") to the transferee Lu Renhong at a transfer price of 24.5 million yuan. After the completion of the equity transfer, the company will hold 51% of the equity, and the equity transfer does not involve changes in the scope of the consolidated statement, that is, poly mechanical is still a controlling subsidiary of the company.
The chairman of the company is Fan Qingwei. Fan Qingwei: male, Han nationality, born in 1961, Chinese nationality, no permanent residence abroad, bachelor degree, economist. Assistant engineer in Qingdao Power Station Valve Factory from 1983 to 1988; Branch Manager in Qingdao Branch of China National Machinery Import and Export Corporation from 1988 to 1995; Executive Director and General Manager of Qingdao Weilong Economic and Trade Co., Ltd. From 1995 to 2004; Executive Director and General Manager of Qingdao Weilong Valve Co., Ltd., from 2004 to March 2012; Chairman and General Manager of Qingdao Weilong Valve Co., Ltd., March 2012 to November 2014 Served as chairman of Qingdao Weilong Valve Co., Ltd from November 2014 to March 2015. He has been the chairman of the Company since March 2015, and is currently the executive director of Laizhou Weilong, the executive director and general manager of Weilong hardware, the executive director of Weilong fluid, the director and manager of Weilong in the United Kingdom, the director of Weilong in the United States, and the executive director of Huilong Investment.
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