*ST MuBang executive change: Chairman and General Manager Liao Zhiyuan resign, Liao Zhifeng to assume responsibilities

NightAirdropper · 2026-03-21T10:49:21+00:00

*ST Mubon Chairman and General Manager Liao Zhiyuan resigned for personal reasons. The company's board of directors decided that director Liao Zhipeng will act as chairman until a new chairman is elected. The company's main business includes monocrystalline silicon rods and educational toys. Operating revenue and net profit fluctuated significantly from 2022-2024, presenting relatively high risks.

NightAirdropper

2026-03-21 10:49:21

Abstract generation in progress

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On March 20th, *ST Mubang (Stock Code: 603398) announced that Chairman and General Manager Mr. Liao Zhiyuan resigned from all positions due to personal reasons. To ensure stable operations, the company’s Board of Directors held the 11th meeting of the fifth session on March 20, 2026, and approved a proposal for Director Liao Zhipeng to act as Chairman and General Manager until a new Chairman is elected. The company will complete the recruitment of the new Chairman and General Manager as soon as possible and disclose relevant information to the public in a timely manner.

According to Tianyancha, *ST Mubang was established on August 18, 2003, with a registered capital of 433.641524 million RMB. The legal representative is Liao Zhiyuan, and the registered address is No. 18, Dongyang Avenue, Industrial Park, Anyi County, Nanchang City, Jiangxi Province. Its main businesses include the production and sales of monocrystalline silicon rods and wafers, as well as educational toys.

Currently, the company’s Chairman is Liao Zhipeng, with Liao Zhipeng acting as Secretary to the Board. The company has 946 employees, and the actual controlling shareholder is Liao Zhiyuan.

The company has stakes in 18 subsidiaries, including Inner Mongolia Mubang New Materials Co., Ltd., Guangdong Bangbao Educational Technology Co., Ltd., Jiangxi Jierui Mechanical and Electrical Equipment Co., Ltd., Wuzhou Zhongli Wansin Technology Co., Ltd., and Wuzhou Zhongli Wao High-Tech Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 944 million RMB, 1.654 billion RMB, and 277 million RMB, respectively, with year-over-year growth of 192.84%, 75.15%, and -83.24%. Net profit attributable to the parent was -229 million RMB, 28.288 million RMB, and -1.148 billion RMB, with year-over-year changes of -65.68%, 112.37%, and -4208.14%. During the same period, the company’s asset-liability ratio was 77.46%, 83.77%, and 73.58%.

Regarding risks, Tianyancha data shows the company has 169 internal Tianyan risks, 229 surrounding risks, 129 historical risks, and 106 early warning risks.

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