The CEO of China Sunsine, Liu Jing Fu will be retiring on April 30.

Liu, who was in the role since Nov 22, 2013, will be replaced by the group’s executive chairman Xu Cheng Qiu.

Liu De Ming, the current general manager of China Sunsine’s main subsidiary, Shandong Sunsine Chemical, will be appointed as the company’s executive director, in addition to his current role.

His appointment is effective April 30.

SEE:'Add' China Sunsine on ASP uptrend: CGS-CIMB

Want our latest Singapore corporate news stories for FREE

Follow our Telegram, Facebook for the latest updates round the clock

Liu De Ming will also be concurrently appointed as a member of China Sunsine’s Risk Management Advisory Committee (RMAC) on the same day.

“On behalf of the board and the group, I would like to express my sincere gratitude to Mr Liu Jing Fu for his great commitment, dedication and invaluable contribution towards the Group’s growth journey since its IPO,” says Xu.

“I wish him all the best and an enjoyable retirement. Mr Liu De Ming has been working in the group for more than 25 years, and I am confident that his rich experience will complement this new role and look forward to his continued contribution to the group,” he adds.

Shares in China Sunsine closed 0.5 cent higher or 0.9% up at 56 cents on April 15.