Zhen Mingli (01868.HK) announced on the 26th that Lu Zhicheng was appointed as the company's executive director and chairman of the board of directors, effective immediately.

The company previously placed 1 billion new shares to Tsinghua Tongfang (600100.SH). Upon completion, Tsinghua Tongfang and parties acting in concert held 52.28% of Zhenmingli's share capital. Lu Zhicheng is the chairman of the board of directors of Tsinghua Tongfang and the chairman of Tongfang Tide (01206.HK).

In addition, according to the latest information from the Hong Kong Stock Exchange, Fan Bangyang, the main shareholder of Zhenmingli, reduced its holding of the company's long position of 1.015 million shares on the market on August 19, 2014, and cashed in at HK$1,72,425 (HK$1,356,500). The average transaction price was 1.695. Hong Kong dollar (RMB 1.35 yuan), the highest transaction price of 1.9 Hong Kong dollars (about 1.51 yuan). After the change, the company held 15.995 million shares, holding 0.82% of the shares.

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