Guangming Meat Industry Personnel Change: Post-75s Wang Wei Takes Over as President, Formerly Worked at Guangming Dairy

Rui Finance Liu Zhiying On March 9, Guangming Meat Industry (SH600073) announced that due to work adjustments, Li Junlong has applied to resign from the position of President but will continue to serve as a director, chairman, director of the Strategic Committee of the Board of Directors, member of the Nomination Committee, and member of the Compensation and Assessment Committee.

The company held the seventh meeting of the tenth board of directors on March 9, 2026, and approved the appointment of Wang Wei as the company’s President, with a term from the date of approval by the board of directors until the end of the tenth board’s term.

Wang Wei, male, born in 1976, holds a master’s degree. He has previously served as General Manager of the Cold Chain Marketing Center, Administrative Director, and General Manager of the Nutritional Products Marketing Center at Guangming Dairy Co., Ltd. He is currently Vice President of Shanghai Guangming Meat Industry Group Co., Ltd., Director, Manager, and Legal Representative of Shanghai Ganshenyuan Food Co., Ltd.

Guangming Meat Industry was established in 1997. Its main business is the development, production, and sales of pork, beef, mutton, and branded leisure food products. The company’s main products include pork, beef, mutton, canned foods, honey, milk candies, health wine, MSG, and drinking water.

Guangming Meat Industry expects to achieve a net profit attributable to shareholders of listed companies between -116 million yuan and -171 million yuan for 2025; net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between -136 million yuan and -199 million yuan.

Guangming Meat Industry stated that in 2025, due to factors such as the sluggish domestic pig market, the company’s pig farming sector experienced significant losses. In 2025, the company promoted cost reduction and efficiency improvement in pig farming, optimized core farming indicators, and reduced farming costs year-on-year. However, due to a substantial decline in pig sales prices year-on-year, the pig farming sector incurred large losses.

Related company: Guangming Dairy (SH600597)