Zhu Li stepped down as a non-executive director at the company's annual general meeting held on December 31, 2025. As a result of this retirement, Mr. Zhu Li ceased to serve as Chairman of the Board, Chairman of the Board Nomination Committee, and member of the Board Remuneration Committee, as well as the authorized representative of the company under Rule 3.05 of the Hong Kong Stock Exchange's Securities Listing Rules, effective December 31, 2025. Furthermore, Mr. Pan Xiaohu was appointed as Chairman of the Board, Chairman of the Nomination Committee, and member of the Remuneration Committee, as well as the company's authorized representative under Listing Rule 3.05, also effective from December 31, 2025.
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