China: Li Liufa has resigned from Shanshui Cement with effect from 31 May 2016. He held the positions of an executive director, the chairman of the board, and the chairman of both the nomination committee and the executive committee of the company.
Li stated that his resignation would reduce potential conflicts of interest in any future fundraising campaigns by the company. The company and its major shareholder Tianrui Group is exploring various fundraising options, including equity fundraising, to resolve the financial difficulties of the group and to restore the public float of the company.
