China Petroleum On August 15, China Petroleum Engineering Co., Ltd. released its latest personnel announcement, disclosing two significant management adjustments involving the core executive positions of General Manager and Board Secretary. According to the official announcement, Ms. Wang Xinge formally submitted her resignation on August 14, 2026, due to reaching the statutory retirement age. Her departure involves the positions of company Director, General Manager, member of the Board Strategy and ESG Committee, and member of the Board Nomination Committee, with the resignation taking effect on the day the report was delivered to the board of directors.

After this departure, Ms. Wang Xinge no longer holds any position in the company or its wholly-owned subsidiaries. Public data shows that her original term was scheduled to end on February 21, 2027. According to her public career history, Ms. Wang Xinge has long been engaged in management in the petroleum engineering field, possessing extensive experience in central enterprise operations. She previously served as Deputy General Manager and Party Committee Member of China Huanqiu Contracting & Engineering Corporation, General Manager and Deputy Party Secretary of the same company, and Secretary of the Party Committee and Executive Director of China Huanqiu Contracting & Engineering Co., Ltd., deeply participating in the full-process business management and strategic layout of the petroleum engineering sector.

Simultaneously, the company disclosed another executive adjustment: Mr. Yu Guofeng applied to resign from his position as Board Secretary due to an internal job change, with the resignation procedures officially taking effect on August 14, 2026. His original term was also scheduled to end on February 21, 2027. This adjustment involves only the full-time Board Secretary role; Mr. Yu Guofeng remains part of the company's management team and will continue his duties as Deputy General Manager and Chairman of the Labor Union. According to his career profile, Mr. Yu Guofeng previously held positions including Director of the Corporate Culture Department at China Petroleum International Engineering Co., Ltd., and Director of the General Manager's Office, Deputy Chief Engineer and Director of the General Manager's Office at the Engineering Construction Branch of China National Petroleum Corporation.

Fuhai Group Recently, Fuhai Group Co., Ltd. (referred to as "Fuhai Group"), a leading private petrochemical company in Dongying, has undergone a major round of personnel and equity restructuring. According to Qichacha data, Li Tao has been promoted from Group Director to Chairman, General Manager, and Legal Representative, taking full control of operations; the former Chairman, Chen Ruhua, has exited management and divested his shares. Meanwhile, Chen Fang and Jiang Rongping have become new co-major shareholders of Fuhai Group, each holding a 44.38% stake.

Behind this leadership overhaul and equity restructuring lies not only an optimization of the corporate governance structure but also a strong signal of Fuhai Group's focus on its core business and accelerated push for major industrial projects. Building on its strong foundation of 90.537 billion yuan in revenue in 2024, ranking 25th in the 2025 Shandong Enterprise Top 200, Fuhai Group is using a series of billion-yuan and hundred-billion-yuan major projects as key levers to fully launch its "Three-Year Action Plan."