China Tungsten and Hightech Materials (SHE:000657) appointed Cheng Bao as chief financial officer, according to a Wednesday filing on the Shenzhen bourse.
Cheng, who served as deputy head of China Minmetals' finance department, will take over from Hu Jiachao, who resigned due to a work reassignment.
The nonferrous metal trader's shares slumped 5% during the morning trade.