Hua Hong Semiconductor (HKG:1347) named Peng as president of the semiconductor manufacturer effective Wednesday, according to a same-day filing with the Hong Kong Exchange.
Bai was the chief executive officer of Rong Semiconductor.
Chairman Suxin Zhang resigned as chairman at the semiconductor manufacturing company effective Tuesday, according to a separate filing on the same day.
Junjun Tang succeeded Zhang as chairman effective Tuesday, the filing said.
Shares slid 6% during Thursday's afternoon trading.
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