May26, Cheng Shin Rubber convened a shareholders' meeting to comprehensively reelect directors. The new board of directors is composed of family members of founder Luo Jie and senior professional managers, Luo Jie's second sonLuo Cairunresumed the position of Chairman of Cheng Shin, while General Manager is taken on by Luo Yuanlong, the third generation of the Luo family.
Former Chairman Chen Ronghua continued as a director, former General ManagerLi Jinchangpromoted to Vice Chairman, marking that the Cheng Shin management team has achieved a smooth handover, the second and third generation succession echelon of the Luo family is officially in place.
Observers note that Luo Cairun has long deepened his roots in the business front line, having served as General Manager and Chairman of Cheng Shin Rubber (China), leading the construction and operation of important production bases such as Kunshan. Regaining the Chairman's position this time, industry experts believe this will help lead Cheng Shin in the global volatile trade environment to precisely consolidate overseas core markets.
Newly appointed Vice Chairman Li Jinchang, based on professional technical and manufacturing experience, promoted from General Manager to Vice Chairman. He possesses complete production, Chongqing and China Regional General Manager practical experience in Cheng Shin Group, contributing significantly particularly to factory intelligent transformation, production line efficiency improvement, and cost control.
New General ManagerLuo Yuanlongas a third-generation member of the Luo family, will inject innovative vitality after joining the management team. He has worked within the company for many years, having served as Cheng Shin Chief Operating Officer, Deputy General Manager, etc., actively participated in sales and marketing, and is responsible for corporate sustainability affairs.
His assumption of the General Manager role not only demonstrates that Cheng Shin's third-generation succession plan has entered a new stage, but also is expected to introduce young new ideas such as digitalization and green environmental protection to the traditional rubber industry.
Cheng Shin has long maintained healthy and stable financial performance. According to recent announcements, surplus repatriation cases from its important subsidiaries such as Cheng Shin Rubber (China) and Xiamen Cheng Shin Rubber totaled cash dividends repatriated of approximately RMB 1.05 billion.
At the same time, Cheng Shin is accelerating layout in India and Indonesia, and has entered the European high-end automotive supply chain. The subsidiary brand Maxxis continues to deepen cooperation with global car factories, products are already equipped with BMW Germany original plant Series 1, Series 2 sedans,BMW GroupMINI series cars, as well as multiple new vehicles from Volkswagen made in Germany.
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