Luokai announced that Tiansai Electric, a shareholder with a 5.24% stake, intends to reduce its stake by no more than 1%.
The chairman of the company is to talk about business. Mr. Man Xing: born in March 1952, Chinese nationality, no permanent residence abroad, master's degree, graduated from Sino-Dutch Center of Nanjing University in July 2005, majored in Business Administration, EMBA degree. From January 2000 to December 2008, he served as chairman and general manager of Jiangsu Luokai Mechanical and Electrical Manufacturing Group Co., Ltd. From January 2009 to September 2010, he served as the chairman of Jiangsu Luokai Mechanical and Electrical Manufacturing Group Co., Ltd. Since October 2010, he has been the chairman of Jiangsu Luokai Mechanical and Electrical Co., Ltd.
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