The Board comprised of eleven Directors, including six executive directors, one non-executive directors and four independent non-executive directors.
The board of directors, under the leadership of the chairman, is responsible for formulating the group's policies and strategies, approving the annual budget and business plans, and overseeing the daily operational management of the Group to ensure the achievement of business objectives.
The Board comprised of eleven Directors, including six executive directors, one non-executive director and four independent non-executive directors.
For a Director to be considered independent, that director should not have any direct or indirect material interest in the Group. In determining the independence of Directors, the Board follows the requirement set out in the Listing Rules. All the non-executive Directors are appointed for a specific term and will be subject to retirement by rotation and re-election at the annual general meeting of the Company.
The Chairman is responsible for providing leadership to, and overseeing, the functioning of the Board to ensure that the Board acts in the best interest for the Group.
Board meetings are planned and conducted effectively. The Chairman is responsible for approving the agenda for each Board meeting, after taking into account the matters proposed by other Directors. With the support of the executive Directors and the Company Secretary, the Chairman seeks to ensure that all Directors are properly briefed on issues arising at Board meetings and receive adequate and reliable information in a timely manner. The Chairman also actively encourages all Directors to be fully engaged in the Board’s affairs and make contributions to the Board’s functions. The Board has adopted good corporate governance practices and procedures and has taken appropriate steps to provide effective communication with shareholders.
The board of directors has adopted sound corporate governance practices and procedures and has taken appropriate steps to maintain effective communication with shareholders.
The CEO is responsible for managing the business of the Group, attending to the formulation and implementation of group policies, and assuming full accountability for the Group’s operations. Acting as the principal manager of the Group’s business, the CEO develops a strategic operating plan that reflects the long-term objectives and priorities established by the Board and is directly responsible for maintain the operational performance of the Group. Working with the senior management and the Board, the CEO ensures that the funding requirements of the business are met and closely monitors the operating and financial results against the plans and budgets. He also takes remedial actions when necessary and advises the Board of any significant developments and issues of the Group.
The Board meets regularly, and at least four times a year. Between scheduled meetings, senior management of the Group provides to Directors the information on the activities and developments in the business of the Group on a time basis and when required, additional Board meetings are held. In addition, Directors have full access to the information of the Group and the independent professional advice whenever deemed necessary by the Directors.
The Audit Committee comprises three independent non-executive Directors. The Audit Committee is chaired by Ms. Huang Jian and the other members of the Committee are Mr. Zhang Zhong and Ms. Li Yongli. The Audit Committee is required, amongst other things, to oversee the relationship with the external auditors, to review of the Group’s financial information, to oversignt of the Group's financial reporting system and internal control procedures and to review and manage major risks.
The Nomination Committee comprises three members and is chaired by Mr. Liu Shunxing, with Ms. Huang Jian and Ms. Li Yongli being the members. Under its terms of reference, the Nomination Committee is responsible for identifying potential directors and making recommendations to the Board on the appointment or re-appointment of directors of the Company. Potential new directors are selected on the basis of their qualifications, skills and experience which the Nomination Committee considers will make a positive contribution to the performance of the Board.
The Remuneration Committee comprises three members and is chaired by Mr. Zhang Zhong, with Ms. Liu Jianhong and Dr. Jesse Zhixi Fang being the members. The Remuneration Committee meets for the determination of the remuneration packages of Directors and senior management of the Group. In addition, the Remuneration Committee also meets as and when required to consider remuneration and compensation related matters.
Environmental, Social and Governance Committee
The Environmental, Social and Governance (the“ESG”) Committee comprises three members and is chaired by Ms. Liu Jianhong, with Mr. Gui Kai and Dr. Jesse Zhixi Fang being the members. The ESG Committee is responsible for making proposals on ESG strategies, identifying significant ESG risks and opportunities, approving and reviewing ESG policies, monitoring effectiveness of ESG activities, and reviewing ESG report.
The Company Secretary is responsible to the Board for ensuring that Board activities and procedures comply with relevant legislative, regulatory and corporate governance developments. The Company Secretary assists the Chairman to prepare agendas and Board papers for meetings and disseminates such documents to the Directors in a timely manner. The Company Secretary is also directly responsible for the Group’s compliance with the continuing obligations of the Listing Rules and Codes on Takeovers and Mergers and Share Repurchases. The Company Secretary maintains formal minutes of the Board meetings and other Board committee meetings.
Mr. Liu Shunxing
Mr. Liu Shunxing, joined the Group in 2007. He has become the Chairman of the Company since June 2009. He is also a director of various subsidiaries of the Group. Mr. Liu holds a Bachelor’s degree of Electricity Generation from Tianjin Universment College of Harbin Institute of Technology.
Mr. Liu is the vice president of China Energy Research Institute and an executive director of China Energy Council.He was formerly the Vice CEO of China Energy Conservation Investment Corporation for eight years.
Mr. Chen Shengjun
Vice President and CTO
Mr. Chen Shengjun, joined the Group in 2022. He is the Vice President and the Chief Technology Officer of the Company. Mr. Chen holds a Bachelor’s degree in Precision Instrumentation from Tsinghua University and a Master’s degree in Industrial Engineering from the Hong Kong University.
Ms. Liu Jianhong
Ms. Liu Jianhong, joined the Group in 2007. She has become the Vice Chairperson of the Company since January 2016. She is also a director of various subsidiaries of the Group. Ms. Liu holds a Bachelor’s degree and a Master’s degree from the Law School of Renmin University of China and an EMBA degree from China Europe International Business School. Ms. Liu has worked for China Energy Conservation Investment Corporation.
Mr. Gui Kai
Mr. Gui Kai, joined the Group in 2015. He has become the Chief Executive Officer (“the CEO”) of the Company since August 2020. He is also a director of various subsidiaries of the Group. Mr. Gui holds a Bachelor’s degree from the School of Mining Engineering of Anhui University of Science & Technology and a Master’s degree from the Energy School of China University of Mining and Technology. He has worked for China Energy Investment Corporation.
Mr. Niu Wenhui
Mr. Niu Wenhui, joined the Group in 2010. He is the Chief Financial Officer of the Company and has become an Executive director of the Company since January 2017. He is also a director of various subsidiaries of the Group. Mr. Niu holds a Bachelor’s degree of Financial Accounting from Hangzhou Institute of Electronics Technology and a Master’s degree in Business Administration from Beihang University. He has worked for China Ruilian Industrial Group and Rainbow Group.
Mr. Zhai Feng
Mr. Zhai Feng joined the Group in 2019. He has become an Executive Director of the Company since January 2020. He holds a Bachelor’s degree in law from Fudan University and a Master’s degree in Business Administration from Peking University.
Dr. Jesse Zhixi Fang
Dr. Fang holds a doctorate degree from the University of Nebraska-Lincoln. He was the global vice president of Intel and founded Intel Labs China, ILC as its first dean.
Ms. Li Yongli
Ms. Li holds Bachelor’s degree and Master’s degree in Electric Power System Automation from Tianjin University and PhD degree in electrical engineering from University Liber De Bruxelles in Belgium and is currently a Professor and Doctoral advisor of the School of Electrical and Information Engineering in Tianjin University.
Ms. Huang Jian
Ms. Huang holds a Master degree from the Central University of Finance and Economics of the PRC, and also a certified public accountant in the PRC. Ms. Huang is the partner of ShineWing Certified Public Accountants.
Mr. Zhang Zhong
Mr. Zhang received a Master of Laws from Renmin University of China and is currently a partner of Zhong Lun Law Firm.
Mr. Wang Xigang
Mr. Wang Xigang, joined the Group in 2009. He is the Vice President of the Company. Mr. Wang holds a Bachelor’s degree in Economics from China Youth University of Political Studies and an MBA degree from Peking University.
Mr. Wang Meihai
Mr. Wang Meihai, the vice president of the Company. He holds a Bachelor Degree of Harbin University of Science and Technology. Mr. Wang had served for Datang Corporation .
Mr. Gui Bo
Mr. Gui Bo, joined the Group in 2018. He is the Vice President of the Company. Mr. Gui holds a Bachelor’s degree in Mechanical Design and Manufacturing from Qingdao University and a Master’s degree in Solid Mechanics from University of Science.
Mr. Zhou Xiaole
Mr. Zhou Xiaole, joined the Group in 2007. He is the Vice President of the Company. Mr. Zhou holds a Master’s degree in Corporate Communications from Marietta University in the United States of America. Mr. Zhou has worked for Yili Group.
Mr. Wang Feng
Mr. Wang Feng is a non-executive director of the Company. He holds a Master's degree in North China Electric Power University and is currently the Vice General Manager of Huadian New Energy Group Corporation Limited.
Ms. Shang Jia
Ms. Shang Jia, joined the Group in 2011. She has become an Executive director of the Company since April 2021. She is also a director of various subsidiaries of the Group. Ms. Shang holds a Bachelor’s degree of Industrial Economic & Management.