APT Satellite Reshapes Board as Yan Zhao Steps Down and China Satcom Executive Joins
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APT Satellite Holdings has announced changes in its senior management and board. Yan Zhao will resign from the board and its committees on March 25, 2026, but will remain as vice president. Lu Zheng has been appointed as an executive director and vice president, expected to enhance alignment with the parent company, China Satcom. The company emphasizes that the changes are not due to disputes. The latest analyst rating for APT Satellite Holdings (HK:1045) is a Buy with a price target of HK$4.50.
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