CSSC Offshore & Marine Engineering (Group) Company Limited (COMEC, 00317) announced that Chairman Luo Bing tendered his written resignation on 19 March 2026, citing work rearrangement. The resignation covers his positions as Chairman, Director of the eleventh Board, and Chairman of the Board’s Strategy Committee, and took immediate effect upon submission.

The company confirmed that Luo Bing has no disagreements with the Board and that no matters related to his departure require shareholder attention. His exit leaves the Board with eight members—four non-executive directors (Gu Yuan, Yin Lu, Ren Kaijiang, Nie Lijun) and four independent non-executive directors (Lin Bin, Nie Wei, Li Zhijian, Xie Xin)—which remains above the statutory minimum quorum, ensuring normal Board operations.

COMEC will carry out statutory procedures to hold a director by-election and appoint a new Chairman. The Board expressed gratitude for Luo Bing’s contributions to the company’s business development and corporate governance during his tenure.