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Shen's predecessor, Yang Yiping, was removed as general manager of the railway company due to his age cause.
The resolution was passed by the board of directors of the company on Oct. 10 with immediate effect.
Guangshen Railway's parent Guangzhou Railway (Group) Company, the largest shareholder of the company holding approximately 41 percent of its issued shares, meanwhile proposed to remove Mr. Yang Yiping as director of the fifth session of the board and appoint Mr. Shen Yi as an executive director of the fifth session of the board.
An extraordinary general meeting will be held soon to hear the above-mentioned proposals.
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