China Huarong Energy Company Limited has announced that it has received a requisition from shareholders calling for the removal of its existing directors and the appointment of new directors. The proposed resolutions seek the immediate removal of Mr. Niu Jianmin as Chairman and executive director, Mr. Hong Liang as Chief Executive Officer and executive director, and Ms. Zhou Zhan as independent non-executive director. Shareholders are advised to exercise caution when dealing in the company's shares, and further details are expected to be provided regarding the convening of an extraordinary general meeting to address the requisition.
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