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Dalian Heavy Industry announced that, in order to swiftly address the gap in crankshaft processing capacity and support the expansion into the large-scale crankshaft market, the company’s board of directors has approved an investment of up to 4.5 million yuan by its controlled subsidiary, Dalian Huarui Marine Crankshaft Co., Ltd., to purchase a used φ5.5-meter CNC crankshaft vertical lathe (including costs for foundation work, installation, and restoration to operational condition). The chairman of the company is Shao Changnan. Mr. Shao Changnan, born in 1962, is a Chinese national with no overseas residency rights. He holds a bachelor’s degree and is a senior engineer. Previously, he served as Deputy General Manager, General Manager, and Deputy Secretary of the Party Committee at Dalian Heavy Industry & Crane Group Co., Ltd.; Vice President and Vice Chairman at Dalian Huarui Heavy Industry Group Co., Ltd.; Chairman, General Manager, and Executive Director at Dalian Huarui International Trade Co., Ltd.; and a director at Dalian Huarui Heavy Industry India Pvt. Ltd. Currently, Mr. Shao also holds key leadership positions as Party Secretary and Chairman of Dalian Heavy Industry & Crane Group Co., Ltd., Chairman of Dalian Huarui Heavy Industry Group Co., Ltd., and Chairman of Dalian Guolian Energy Development Co., Ltd.