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China Huarong Energy Announces New Board Structure
China Huarong Energy Faces Board Compliance Challenge After Director Resignation
HUARONG ENERGY (01101.HK): Lin Changmao intends to resign as Independent Non-Executive Director.
Gelonghui, April 17丨HUARONG ENERGY (01101.HK) announced that Lin Changmao resigns as the company's independent non-executive Director, as well as a member of the audit committee and corporate governance committee, to devote more time to other personal matters. His resignation will be effective from April 19, 2025.
Hong Kong stocks are fluctuating | Petroleum stocks are recovering. Tariff risks have caused a short-term decline in Crude Oil Product prices. Institutions indicate that domestic oil companies are expected to weaken their sensitivity to oil prices.
Petroleum stocks have recovered. As of the time of this report, China Oilfield Services (02883) is up by 3.23%, priced at 5.43 HKD; CNOOC (00883) is up by 3.84%, priced at 16.22 HKD; SHANGHAI PECHEM (00338) is up by 2.75%, priced at 1.12 HKD; PetroChina (00857) is up by 0.56%, priced at 5.35 HKD.
Hong Kong stocks have fluctuated | Petroleum stocks opened lower collectively. The disturbance caused by tariff policies, along with OPEC+ increasing production, further drove oil prices down significantly.
Petroleum stocks opened lower collectively. As of the time of this report, CNOOC (00883) fell 10.52% to HKD 16.5; PetroChina (00857) fell 10.63% to HKD 5.63; KUNLUN ENERGY (00135) fell 7.07% to HKD 7.62; Sinopec (00386) fell 5.85% to HKD 3.86.
HUARONG ENERGY will suspend trading from the morning of April 1st, pending the release of the 2024 annual results.
HUARONG ENERGY (01101) announced that trading of its shares will be suspended on the Stock Exchange starting from 9:00 AM on April 1, 2025, pending the release of the 2024 annual performance.
