Cinda's investment executive changes, Bai Yuguo took over as chairman

Southern Finance All Media Reporter Yang Xi Beijing reported

Recently, Cinda Investment Co., Ltd. (hereinafter referred to as "Cinda Investment") issued the "Announcement on Chairman and Directors". The announcement stated that Zhang Jushan no longer serves as Chairman and Director of Cinda Investment.

Zhang Jushan has been a director and chairman of Cinda Investment since November 27, 2018. According to the relevant suggestions issued by China Cinda, Zhang Jushan recommended Bai Yuguo as the director and chairman of Cinda Investment. In accordance with relevant procedures, Cinda Investment hired Bai Yuguo as the chairman and legal representative. Bai Yuguo's term of office has been selected for re -election since July 2022, until July 2025.

It is understood that Bai Yuguo was born in September 1965 and is a Mongolian, a member of the Communist Party of China, and a bachelor's degree in college. Bai Yuguo has worked in state -owned commercial banks, financial asset management companies, and property insurance companies. Former director of the Preparatory Office of the CCB Inner Mongolia Branch Railway Professional Subarrow, the senior manager of China Cinda Hohhot Office, a member of the Cinda Property Insurance Party Committee, Vice President, Secretary of the Board of Directors, Secretary of the Party Committee and General Manager of China Cinda Inner Mongolia Branch.

Cinda Investment is a wholly -owned subsidiary of China Cinda. Cinda Investment mainly focuses on the strategic positioning of "professional investors in the alternative assets", and uses business advantages in the fields of mergers and acquisitions, value restoration and reorganization activation, and excavate, cultivate and deeply cultivate substantial reorganization business.

According to the annual report of China Credit, at the end of 2020 and at the end of 2021, the balance of investment in other non -performing assets of Cinda Investment was 54.10 billion yuan and 60.89 billion yuan, respectively. In 2020 and 2021, Cinda's other non -performing asset business revenue was 3.92 billion yuan and 4.51 billion yuan, respectively.

According to the announcement, there is another change in a director of the director. Zheng Yi is no longer serving as a director of Cinda Investment, and the director of the directors will be taken over by the appointment. Ren Li was born in April 1967. He graduated from accounting for accounting at the University of Nankai University and obtained a master's degree and a senior economist. Ren Li was a lecturer at the Department of Accounting, Nankai University. As of the announcement of the announcement, Ren Li has also served as the deputy general manager of China Cinda Group Management Department, Director of Cinda Real Estate, and Director of Zhongrun Economic Development.

- END -