FENBI Announces Executive Director Wei Liang Resigns While Retaining Presidency

Bulletin Express04-01

Fenbi Ltd. (FENBI) reported that Mr. Wei Liang has stepped down as executive director, and as a member of both the remuneration and nomination committees, effective 1 April 2026. The change follows an internal re-allocation of duties.

Despite relinquishing board roles, Mr. Wei continues as the company’s president, overseeing the Group’s tutoring operations and technology functions. He confirmed no disagreement with the board and no other matters requiring shareholder attention.

Mr. Wei remains a party to the concert-party agreement signed on 6 September 2021—and supplemented on 16 May 2025—with Mr. Zhang Xiaolong, Mr. Li Yong and Mr. Li Xin; the acting-in-concert arrangement remains intact.

Post-change, the board consists of: Mr. Zhang Xiaolong (executive director), Mr. Wu Zhenggao (non-executive director) and three independent non-executive directors—Mr. Qiu Dongxiao Larry, Mr. Yuen Kai Yiu Kelvin and Ms. Yuan Jia. The board thanked Mr. Wei for his contributions and looks forward to continued cooperation.

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