Li Dongsheng Steps Down as TCL Tech CEO, Succeeded by COO Wang Cheng

Deep News01-22

TCL Technology Group Corporation announced that its board of directors has approved the appointment of Wang Cheng as Chief Executive Officer, who will be fully responsible for the company's daily operational and management affairs. This move signifies that founder Li Dongsheng will relinquish his concurrent role as CEO, retaining only the position of Chairman.

Wang Cheng is a veteran of the TCL Group, having joined the company in 1997 and held multiple key positions including head of overseas multimedia business, Group Human Resources Director, and Senior Vice President. He has also served as CEO of TCL Electronics and TCL Industrial Holdings, and has been the Group Chief Operating Officer since August 2021.

This personnel adjustment represents a significant operational arrangement for the company. With nearly three decades of industry experience and an in-depth understanding of the group, Wang Cheng is regarded as capable of smoothly assuming management responsibilities. As of the announcement date, Wang Cheng holds 268,220 shares in TCL Technology Group Corporation, and there are no circumstances that would disqualify him from the position. The market widely perceives this change as marking a further step by TCL Technology Group Corporation toward professionalized management.

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