Mr. Huang Haibo is a strong leader with a deep understanding of the construction equipment business. He has been with LiuGong for 25 years and has progressed through a series of technical and leadership roles. We are delighted that Mr. Huang will be leading us into a new era at LiuGong as we continue to shape the future of CE industry.
After serving as president of LiuGong Machinery for 3 years, Mr. Yu Chuanfen, will take on the role of vice president with LiuGong Group, the parent company of LiuGong Machinery and vice chairman of LiuGong Machinery. Mr. Yu successfully steered the company through challenging times and market transitions and LiuGong is grateful for his innumerable contributions and his distinguished tenure as the president over the last three years.