{"id":10614,"date":"2026-10-28T22:14:00","date_gmt":"2026-10-28T14:14:00","guid":{"rendered":"https:\/\/www.chesir.com\/2026\/10\/jihua-group-completes-board-of-directors-transition-and-holds-inauguration-ceremony-su-ertian-is-elected-chairman-to-drive-core-business-growth-and-industrial-synergy\/"},"modified":"2026-10-29T09:31:16","modified_gmt":"2026-10-29T01:31:16","slug":"jihua-group-completes-board-of-directors-transition-and-holds-inauguration-ceremony-su-ertian-is-elected-chairman-to-drive-core-business-growth-and-industrial-synergy","status":"publish","type":"post","link":"https:\/\/www.chesir.com\/en\/2026\/10\/jihua-group-completes-board-of-directors-transition-and-holds-inauguration-ceremony-su-ertian-is-elected-chairman-to-drive-core-business-growth-and-industrial-synergy\/","title":{"rendered":"Jihua Group Completes Board of Directors Transition and Holds Inauguration Ceremony\u2014Su Ertian is Elected Chairman to Drive Core Business Growth and Industrial Synergy"},"content":{"rendered":"\n

On October 28, 2026, Zhejiang Jihua Group Co., Ltd. (603980.SH; hereinafter \u201cJihua Group\u201d), a subsidiary of Global New Material International Holdings Limited (06616.HK; hereinafter \u201cGlobal New Material International\u201d), convened its third extraordinary shareholders\u2019 meeting of 2026 and the first meeting of the Sixth Board of Directors, thereby completing the transition of the Board of Directors. Su Ertian, Chairman of the Board and Chief Executive Officer of Global New Material International, was elected Chairman of the Sixth Board of Directors of Jihua Group.<\/p>\n\n

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On the same day, Jihua Group held an inauguration ceremony for the Sixth Board of Directors under the theme \u201cCarrying Forward the Legacy, Embracing the Future with One Heart.\u201d Shao Bojin, Founder of Jihua and Shao Hui, Chairman of the Fifth Board of Directors , as well as members of both boards and senior management attended the event. Shao Bojin reflected on Jihua\u2019s entrepreneurial journey spanning more than 30 years; Shao Hui handed the \u201cKey to Jihua\u201d\u2014symbolizing responsibility and mission\u2014to Su Ertian, marking the smooth transition between the outgoing and incoming Boards of Directors.<\/p>\n\n

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In his inaugural address, Su Ertian expressed his respect and gratitude to Jihua Group\u2019s founder, past Boards of Directors, management teams, and all employees. He stated that the partnership between the two parties stems from a shared commitment to industrial development and a recognition of Jihua\u2019s long-term value. The new Board of Directors will cherish Jihua\u2019s industrial legacy, brand reputation, and talent pool; consolidate the core dye business; prudently explore new materials sectors supported by technology and driven by customer demand; and drive Jihua toward becoming a publicly listed company with a more prominent core business, more stable operations, and sustainable growth potential.<\/p>\n\n

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Su Ertian emphasized that the new Board of Directors will maintain team stability, respect professional expertise, and support the management team in focusing on operations while creating conditions for employee growth and talent development; it will fulfill responsibilities regarding workplace safety, environmental protection, and product quality, and will thoroughly evaluate and prudently advance major investments and key operational decisions.<\/p>\n\n

The effectiveness of industrial synergy must ultimately be reflected in the continuous improvement of operational quality. Jihua Group will continue to refine and strengthen its core dye business, enhancing operational efficiency through process improvements, cost management, capital utilization, and stable delivery. Global New Material International will provide support tailored to Jihua\u2019s specific circumstances in areas such as R&D collaboration, supply chain coordination, and green process upgrades to drive product portfolio optimization.<\/p>\n\n

On September 29, 2026, Tonglu Junheng Equity Investment Partnership (Limited Partnership) completed the registration of the transfer of a 29.89% stake in Jihua Group, becoming the controlling shareholder of Jihua Group. Global New Material International gained control of Jihua Group through Tonglu Junheng, establishing a dual-listing structure on the Hong Kong Stock Exchange and the A-share market. This change in leadership provides the governance framework necessary for both parties to deepen their industrial cooperation.<\/p>\n\n

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Global New Material International\u2019s long-term goal is to build a world-leading platform for surface performance and functional materials. Jihua\u2019s technological and manufacturing foundations in dyes, intermediates, and non-stick coatings complement Global New Material International\u2019s expertise in synthetic mica, effect materials, and surface functionalization technologies. The two parties will leverage business resources such as Chesir, SUSONITY, CQV, and Zhejiang Hongzun to explore R&D collaborations centered on specific products and customer needs, and will conduct phased application validation, process optimization, and engineering evaluations for eligible projects.<\/p>\n\n

In terms of market synergy, Global New Material International will draw on its market service network covering more than 150 countries and regions worldwide to gradually support Jihua\u2019s expansion of overseas operations by addressing product adaptation, customer certification, and local market requirements. Jihua\u2019s industrial support network and customer base in the Yangtze River Delta will also provide support for both parties to expand into textile printing and dyeing as well as related industrial applications. <\/p>\n\n

Both parties will maintain independent and standardized governance, prioritize the overall interests of their respective companies and all shareholders, and conduct cooperation in a fair and transparent manner in accordance with market-oriented principles. Specific projects will be steadily advanced after thorough evaluation based on technical feasibility, customer needs, and returns on ongoing operations. Matters involving investment, financing, mergers and acquisitions, and related-party transactions will be handled in accordance with the law, fulfilling corresponding decision-making and information disclosure obligations to safeguard the legitimate rights and interests of Jihua and all shareholders, particularly minority shareholders. Once the new Board of Directors assumes its duties, Jihua Group will combine its own industrial expertise with Global New Material International\u2019s global resources to consolidate its core business strengths, enhance operational quality, and create long-term value for Jihua and all shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"

On October 28, 2026, Zhejiang Jihua Group Co., Ltd. (603980.SH; hereinafter \u201cJihua Group\u201d), a subsidiary of Global New Material International Holdings Limited (06616.HK; hereinafter \u201cGlobal New Material International\u201d), convened its third extraordinary shareholders\u2019 meeting of 2026 and the first meeting of the Sixth Board of Directors, thereby completing the transition of the Board of Directors. […]<\/p>\n","protected":false},"author":5,"featured_media":10597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-10614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-news"],"meta_box":[],"_links":{"self":[{"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/posts\/10614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/comments?post=10614"}],"version-history":[{"count":1,"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/posts\/10614\/revisions"}],"predecessor-version":[{"id":10615,"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/posts\/10614\/revisions\/10615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/media\/10597"}],"wp:attachment":[{"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/media?parent=10614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/categories?post=10614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chesir.com\/en\/wp-json\/wp\/v2\/tags?post=10614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}