Anker Innovations Technology Co.,Ltd. (300866.SZ) recently announced the appointment of Peng Wenting as the company's Board Secretary, with her term lasting until the current board's expiration. Less than a month prior, she appeared in Anker Innovations' continued supervision announcements as a CICC sponsor representative. This rapid identity transformation from investment banking executive director to listed company board secretary has drawn significant market attention.
This personnel change occurred shortly after the company's former Board Secretary Zhang Xi departed in July. Zhang Xi served as Anker Innovations' Vice President of Public Affairs from 2015 until resigning from the board secretary position in July 2025. According to the company's 2024 annual report, Zhang Xi's compensation for that year was 1.18 million yuan, ranking fourth among the company's executive compensation. This naturally raises questions about the compensation positioning for the new Board Secretary Peng Wenting.
Notably, the announcement disclosed that Peng Wenting has not yet obtained the Board Secretary Training Certificate issued by the Shenzhen Stock Exchange. She has enrolled in relevant pre-appointment training and committed to obtaining the certificate in the short term. Until then, the board secretary responsibilities will continue to be performed by Chief Financial Officer Yang Fan, with the formal appointment taking effect only after Peng completes training and obtains qualification.
This means that despite the board's approval of the appointment resolution, Peng Wenting remains in a state of "incomplete qualification." Such arrangements are not uncommon in the market, demonstrating that companies prioritize candidates' investment banking experience and capital market expertise over immediate certificate availability.
According to public information, Peng Wenting was born in August 1990 and holds a bachelor's degree from Renmin University of China and a master's degree from Peking University. She previously served as Executive Director of Investment Banking at CICC. More notably, she already had direct business connections with Anker Innovations.
On August 8, the company announced a "Notice on Changing Sponsor Representatives for Continued Supervision," indicating that Peng Wenting would no longer serve as Anker Innovations' continued supervision sponsor representative due to work changes. Three weeks later, she returned to the company as Board Secretary, representing a seamless transition from intermediary institution to issuer.
Anker Innovations' board stated in the announcement that this appointment was reviewed by the nomination committee and unanimously approved by the board. Following standard practice, the company will fulfill information disclosure obligations again once she obtains the qualification certificate.
The phenomenon of "sponsor representative turned board secretary" has appeared frequently in recent years. With tightened IPO pace and pressure on investment banking business, many investment banking professionals are seeking transformation paths by entering listed company governance systems, viewed as a way to "land safely." For enterprises, talent with capital market experience helps interface with regulators, optimize investor relations, and advance financing activities. For individuals, transitioning to senior positions at listed companies represents another choice for career stability and development opportunities.
However, such transitions raise discussions about compliance boundaries. A natural supervisory relationship exists between sponsor institutions and issuers. The role switch from continued supervision to corporate governance raises concerns about avoiding information barriers and potential conflicts of interest, becoming a focus of regulatory and market attention. Anker Innovations' arrangement specifically emphasized Yang Fan's interim role as board secretary until Peng Wenting obtains her certificate for formal effectiveness, representing a "buffer" arrangement possibly made for compliance considerations.
Anker Innovations itself is a representative enterprise in consumer electronics overseas expansion, with main businesses covering charging products, audio-visual products, and smart hardware, maintaining overseas revenue proportions consistently exceeding 90%. The company's 2025 interim report showed total operating revenue of 12.867 billion yuan, up 33.36% year-over-year; total profit reached 1.267 billion yuan, up 26.82% year-over-year; and net profit attributable to shareholders was 1.167 billion yuan, up 33.8% year-over-year.
In recent years, the company has been active in capital markets, implementing share repurchase and increase plans while maintaining active investor relations management. In such a company highly dependent on capital market communication, the importance of the board secretary position is self-evident.
From Zhang Xi to Peng Wenting, the two board secretaries present a stark background contrast: the former cultivated deep internal company knowledge over nearly ten years, familiar with industry and government-enterprise resources; the latter comes from investment banking frontlines, having long played an intermediary role in capital markets. This adjustment in Anker Innovations' governance layer signals new directions in the company's capital market orientation.
Market questions continue to extend: Will Peng Wenting's compensation level continue Zhang Xi's 1.18 million yuan range? On the compliance front, how will she quickly complete the identity transformation from "sponsor representative" to "board secretary"? Against the backdrop of increasingly complex capital markets, can she handle the multiple challenges of investor relations, financing strategy, and information disclosure?
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