SONGFA(SH:603268) Sou Hu Cai Jing·2025-08-06 09:46Core Viewpoint - *ST Songfa (603268.SH) is undergoing a board restructuring with the nomination of new non-independent directors, including Chen Jianhua, who is one of the actual controllers of the company, and his son Chen Hanlun, who is 24 years old and has a background in finance [1][3]. Group 1: Company Leadership Changes - The board of *ST Songfa plans to hold an early election to nominate new non-independent directors, including Chen Jianhua, Chen Hanlun, Wang Xiaohai, Shi Yugao, Zhang Enguo, and Wang Yue [1]. - Chen Jianhua directly holds 131 million shares of *ST Songfa and has been the chairman and president of Hengli Group since January 2001 [1]. - Chen Hanlun, the son of Chen Jianhua, holds a master's degree in applied finance and has served as a tax consultant at PwC Singapore before becoming the vice president of Hengli Group in March 2024 [1][3]. Group 2: Hengli Group Overview - Hengli Group, controlled by Chen Jianhua and Fan Hongwei, is ranked among the Fortune Global 500 and the top 500 Chinese enterprises, with a total revenue of 871.5 billion yuan in 2024 [3]. - The couple ranked as the richest in Jiangsu with a holding market value of 80.12 billion yuan, an increase of 11.99 billion yuan from the previous year [3]. - In the 2024 Hurun Rich List, their wealth reached 125 billion yuan, placing them 20th [3]. Group 3: Recent Developments and Market Position - Hengli Group acquired *ST Songfa in October 2018 and announced a major asset restructuring plan in October last year to acquire 100% of Hengli Heavy Industry [3]. - Hengli Heavy Industry specializes in the research, production, and sales of ships and high-end equipment, establishing a manufacturing base in Dalian [3]. - The restructuring was completed in May this year, leading to management adjustments and a relocation of the company's office to Dalian [3]. - As of the latest report, *ST Songfa's stock price is 47.41 yuan per share, with a total market value of 40.853 billion yuan [3].