Change of KHD’s Chairman of the Management Board

Cologne, Germany, September 18, 2020 – Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, informed KHD’s Management Board that Mr. Yizhen Zhu will resign from his office as CEO and member of the Management Board for personal reasons with effect as of September 30, 2020. The Supervisory Board and Management Board express their special thanks to Yizhen Zhu, who has steered KHD through challenging times, lead the successful reorganization and laid the foundation of KHD Group’s future success.

By resolution passed by the Supervisory Board today, Mr. Jianlong Shen was appointed as Chairman of the Management Board (CEO) from October 1, 2020, until September 30, 2023.