According to the Tianyancha App, recently, China First Heavy Industries Group Co., Ltd. underwent a business change, with Xu Peng stepping down as the legal representative and chairman, succeeded by Lü Zhiqiang, while some senior executives also changed. The company was established in June 1960, with a registered capital of 5 billion RMB. Its business scope includes the export of self-produced electromechanical products and wooden products from the company and its member enterprises, as well as the import of related raw and auxiliary materials, machinery and equipment, and instruments. According to media reports, the company recently announced that Lü Zhiqiang has been appointed as the chairman and party secretary of the company, while he has been relieved of his position as general manager