en.Wedoany.com Reported - From June 1 to June 6, 2026, three Chinese steel-related enterprises—Jihua Group Co., Ltd. ("Jihua Group"), Xinjiang Bayi Iron & Steel Co., Ltd. ("Bayi Steel"), and the former Sichuan Desheng Group Vanadium & Titanium Co., Ltd.—announced personnel appointments, board director elections, and company name changes along with equity restructuring. Jihua Group appointed Zhao Jian as Deputy General Manager, Bayi Steel elected Liang Feng as a candidate for non-independent director, and the former Sichuan Desheng Group Vanadium & Titanium Co., Ltd. was renamed "Sichuan Fangda Vanadium & Titanium Group Co., Ltd." with Jiangxi Fangda Steel Group introduced as a new shareholder.
Jihua Group Co., Ltd. (Stock Code: 601718, ST Jihua) is China's largest production and support base for military supplies, specializing in professional attire, special equipment, and textiles, and is a subsidiary of Xinxing Cathay International Group. On June 4, the company's 6th Board of Directors' 20th meeting approved the appointment of Zhao Jian as Deputy General Manager. Born in 1985, Zhao holds a bachelor's degree and is an engineer. He has held various sales management positions at Xinxing Ductile Iron Pipes Co., Ltd., including Deputy General Manager of Wuhu Xinxing Ductile Iron Pipes, Assistant to the General Manager of Xinxing Ductile Iron Pipes, and Assistant to the General Manager and General Manager of the Marketing Center at Jihua Group. He currently serves as a director of Xinxing Cathay International Group's Supply Chain Co., Ltd., a member of the Standing Committee of the Party Committee of Jihua Group, and General Manager of its Marketing Center.
Xinjiang Bayi Iron & Steel Co., Ltd. (Stock Code: 600581, *ST Bagang) is a leading steel enterprise in the Xinjiang region under China Baowu Steel Group, primarily producing construction steel and plates. On June 5, the company held the 8th meeting of its 9th Board of Directors, approving the election of Liang Feng as a director candidate. Born in 1981, Liang holds a graduate degree and is a senior accountant. He previously served as Senior Manager of Capital Analysis in the Finance Department of Baosteel Group, Vice President and Finance Director of Baowu Carbon Materials, and Senior Vice President, Finance Director, Board Secretary, and General Legal Counsel of Baowu Carbon. He currently serves as Deputy General Manager, member of the Standing Committee of the Party Committee, and Board Secretary of Bayi Steel. After this election, all nine seats on the company's board of directors will be filled.
The former Sichuan Desheng Group Vanadium & Titanium Co., Ltd. ("Desheng Vanadium & Titanium") was officially renamed "Sichuan Fangda Vanadium & Titanium Group Co., Ltd." on June 1, 2026. Located in Leshan City, Sichuan Province, the company is a key enterprise in southwestern China for comprehensive utilization of vanadium and titanium resources. On May 29, the company completed an investor equity change: former shareholder Song De'an withdrew, and Jiangxi Fangda Steel Group Enterprise Investment Co., Ltd. (affiliated with Fangda Group) entered, holding a 26.8421% stake. Concurrently, several senior executives, including former Director and General Manager Zhou Ping, exited, and new appointments were made: Tang Chun as Chairman and Legal Representative, Mai Jichang as General Manager, and Huang Jianping and Hu Caiqi as board members. This name change and equity restructuring mark Fangda Group's formal entry into the vanadium and titanium enterprise.
The above personnel and equity adjustments involve central state-owned enterprises, local state-owned enterprises, and private enterprises, reflecting ongoing dynamics in corporate governance restructuring and resource integration within China's steel and related industries.
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