Shanmei International Board Secretary Li Yanying Resigns; Chairman Fu Zhonghua Takes Over

Shanmei International (SH600546) announced after market close on September 10, 2026, that board secretary Li Yanying had applied to resign due to a change in work arrangements. The company said its board received Li's written resignation on September 9, and that she will no longer hold any position at the company after her departure. Under the regulatory rules for board secretaries of listed companies and the Shanghai Stock Exchange's stock listing rules, Chairman Fu Zhonghua will perform the board secretary's duties during the vacancy. As of the announcement, Fu Zhonghua concurrently holds three positions: chairman, general manager and acting board secretary.

On May 25, 2026, Shanmei International held the first meeting of its ninth board of directors, completing a leadership transition. Fu Zhonghua was elected chairman and appointed general manager. On July 7, 2026, Deputy General Manager Cao Junwen submitted his resignation due to a change in work arrangements, and the company appointed Yan Junjie as the new deputy general manager the following day. With Li Yanying's departure, the company has seen its third core management change since May 25, 2026. Li Yanying had served as board secretary since July 2022, after previously holding positions including deputy director of the company's securities affairs department and deputy director of the capital operations department at Shanxi Coking Coal Group. Li Yanying holds no shares in the company and has no outstanding commitments to fulfill.

According to Shanmei International's 2025 annual report, Li Yanying received total pre-tax compensation of RMB253,100 from the company during the reporting period. The company's 2026 interim report showed first-half operating revenue of RMB10.355 billion, up 21.63% year on year; net profit attributable to shareholders of the listed company of RMB1.010 billion, up 54.13%; net profit after deducting non-recurring gains and losses of RMB1.045 billion, up 53.19%; net cash flow from operating activities of RMB2.561 billion, up 645.63%; and basic earnings per share of RMB0.51, up 54.55%.

As of the close on September 10, 2026, Shanmei International's share price stood at RMB13.74, giving it a market value of RMB27.239 billion, with a cumulative gain of about 40.06% since the start of 2026. The stock began the year near RMB10, climbed to a high of RMB15.27 during the year, and then retreated.