Xu Lejiang Elected as Chairman of CGCPA

On the first member meeting of the 6th China Group Companies Promotion Association (hereinafter as "CGCPA") held recently, Chairman Xu Lejiang of Baosteel Group Corporation was elected as the chairman of the 6th board. Former chairwoman Xie Qihua was elected as the honorary chairwoman.

Founded in August 1993, its predecessor is the National Industrial Company Network, it is a national association voluntarily participated by industry groups and large-sized companies of diversified industry backgrounds and ownerships with 152 members now. The main missions of CGCPA are to facilitate the members to set up modern corporate governance; improve the communication between members and government; organize exchange and cooperation amongst Chinese and foreign business sector; conduct research on theoretic and business challenges in the process of enterprise reform, etc.

Baosteel's retired leader Li Ming once assumed chairman of the 2nd and 3rd board of CGCPA.

On the meeting, the chief legal advisor of Baosteel Group Corporation Chen Delin was elected as the standing director.