YIXIN (02858) released an announcement indicating that Mr. Dong Jiang resigned from his roles as executive director and joint president, effective March 5, 2026. The decision, according to the announcement, stems from other business engagements requiring Mr. Jiang’s full attention. He confirmed no disagreements with the board or matters necessitating further shareholder or regulatory attention.
The announcement further states that Mr. Zhi Gao, aged 53, has been appointed executive director and president, also effective March 5, 2026. Mr. Gao joined the group in September 2016; he previously served as chief operating officer, vice president of operations, and most recently as joint president since March 24, 2022. He is responsible for overseeing the group’s auto finance operations. Prior to joining, he held managerial roles at Swire Coca-Cola Beverages Hubei Limited.
Mr. Gao is reported to have a stake of 27,548,500 shares and 82,000,000 underlying shares, representing approximately 1.61% of YIXIN’s total issued share capital. Under a three-year service agreement, he receives RMB250,000 per month plus discretionary bonus depending on performance and company results. The board states there is no additional information necessitating further disclosure, and it welcomes Mr. Gao in his new capacity.
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