GACO(SH:600523) Zheng Quan Zhi Xing·2025-08-26 16:35Group 1 - The company held its 24th meeting of the 7th Board of Directors on August 26, 2025, with all 8 directors present, and the resolutions made were legal and valid [1] - The board unanimously elected Yu Xianfeng as the chairman of the company, who will also serve as the chairman of the Board Strategic Committee, with his term lasting until the end of the current board's term [1][2] - The board approved the 2025 semi-annual report and summary, which can be found on the Shanghai Stock Exchange website [2] Group 2 - The board also approved a risk assessment report regarding the related party loans with AVIC Finance Co., Ltd., with three non-related directors voting on the matter [2] - Yu Xianfeng has a background in materials science and has held various positions within the company, including Vice General Manager and General Manager, before becoming the current chairman [4]