Tragic Passing of 55-Year-Old Shanghai Dzh Limited Director, Who Had Delegated Duties a Month Ago Due to Health Issues

Today, on October 20, news from Hongxing Capital reports that Shanghai Dzh Limited's board has made a sorrowful announcement following the notification from the family of Mr. Chen Zhi, a director, member of the Compensation and Assessment Committee, and Chief Financial Officer, who unfortunately passed away on October 19, 2025.

During his tenure as a board member and Chief Financial Officer, Mr. Chen diligently fulfilled his responsibilities, making significant contributions to the company's operational development.

The company and its board express profound gratitude for the hard work and contributions made by Mr. Chen. Directors, supervisors, senior management, and all employees deeply mourn Mr. Chen's passing and extend sincere condolences to his family.

Mr. Chen's death will not reduce the board's membership below the statutory minimum required by the Company Law. The company will promptly complete the necessary election and appointment processes for related positions according to applicable laws and the company's articles of association, ensuring that production and operation activities remain unaffected.

Notably, on September 17 this year, Shanghai Dzh announced that CFO Chen Zhi was temporarily unable to perform his duties due to health reasons. To maintain daily operations and orderly management, with the prior consent of the board's Audit and Internal Control Committee, the company convened its sixth meeting of the fifth board on September 16, 2025, to approve a proposal for the board secretary, Mr. Shen Ruibo, to act in the capacity of CFO.

According to Shanghai Dzh's 2024 annual report released in April, the 55-year-old Mr. Chen previously served as the Chief Financial Officer of Sichuan Zhonghe Da Investment Management Co., Ltd., and the board secretary and CFO of Chengdu Lechuang Automation Technology Co., Ltd.; he was currently the company’s director and CFO.

As an internet financial information service provider, Shanghai Dzh primarily offers online market analysis and trading systems, mobile financial information and data service systems (Dzh APP, Dzh PC version), financial big data processing, and a series of cloud services.

On August 28 this year, Shanghai Dzh disclosed its 2025 semi-annual report, which revealed a total operating revenue of 379 million yuan for the first half of 2025, marking a year-on-year growth of 13.19%. However, the company reported a net loss attributable to the parent company of 3.47 million yuan, recovering from a loss of 138 million yuan in the same period last year; and an adjusted net loss of 36.91 million yuan, compared to a loss of 132 million yuan the previous year.