Hua Er Jie Jian Wen·2025-08-12 07:45Core Viewpoint - Xinhua Insurance has recently announced the appointment of Zhang Xiaodong as a director, following approval from the National Financial Regulatory Administration [1][6]. Group 1: Appointment Details - Zhang Xiaodong's term as a director will commence on August 6, 2025, and will last until the end of the eighth board term [2]. - The previous director, Li Qiangqiang, resigned on June 10 due to work reasons, leading to Zhang's nomination as a candidate for the non-executive director position [6]. Group 2: Background of Zhang Xiaodong - Zhang Xiaodong currently serves as the chairman and party secretary of Huabao (Shanghai) Equity Investment Fund Management Co., Ltd., and is also a director at Shanxi Taigang Stainless Steel Co., Ltd. [3]. - He has a strong background in the steel industry, having held various positions at Taiyuan Iron and Steel (Group) Co., Ltd., including deputy chief accountant and general manager of several subsidiaries [4]. - Zhang holds a master's degree in business administration from Renmin University of China and is a senior accountant [5]. Group 3: Shareholding Context - As of the end of Q1 2025, China Baowu Steel Group, which Zhang is associated with, is the third-largest shareholder of Xinhua Insurance, holding a 12.09% stake [4].