en.Wedoany.com Reported - China's SANY Group issued an announcement on May 15, declaring that in accordance with the group's rotating chairman system and by decision of the board of directors, Mr. Xiang Wenbo will serve as the Group Chairman for the period from May 16, 2026, to May 15, 2027. The Group Chairman is the highest person in charge of the group's daily operations, fully presiding over its day-to-day work. The announcement requires the chairman to strictly adhere to SANY's culture, especially its five cornerstone values—Love the Party and the Country, Integrity and Law-Abiding, Customer First, Employee Priority, and High Standards at All Times and in All Matters—while also strictly complying with the rotating chairman system.

Xiang Wenbo currently serves as the Party Secretary of SANY Group and concurrently holds the position of Chairman of SANY Heavy Industry Co., Ltd. He graduated from Hunan University with a major in Foundry, Dalian University of Technology with a major in Materials, and the China Europe International Business School, holding a Master's degree in Engineering and a Master of Business Administration. He is a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) and an expert receiving a special government allowance from the State Council. Xiang Wenbo is one of the co-initiators of the rotating chairman system. In May 2023, SANY Group founder Liang Wengen stepped down from the position of Group Chairman due to age, and the group implemented the rotating chairman system, with Tang Xiuguo and Xiang Wenbo serving as rotating chairmen for a six-month term each, alternating in the role. This current term as Group Chairman marks another milestone in the institutionalization of the rotating system, three years after its initial implementation.

Founded in 1989, SANY Group is one of China's largest construction machinery manufacturers, headquartered in Changsha, Hunan Province. Its business covers areas such as concrete machinery, excavation machinery, hoisting machinery, wind power equipment, and port machinery. The group owns listed companies including SANY Heavy Industry (600031), SANY International (00631), and SANY Renewable Energy (688349). After stepping down, Liang Wengen continues to serve as the Chairman of the Group's Supervisory Board and provides guidance on the strategic direction for the group's development.

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