Newsletter summary

Lianzhong (06899) announced key executive changes, non-executive directors Liu Xueming, Wang Runqun and Xiao Yundan resigned due to work reasons, Lu Jingsheng's new board chairman, Zhang Li, Guo Yushi and Dai Bing will take up new positions, effective May 7.

Text of news flash

[Lianzhong (06899) non-executive director changes, Lu Jingsheng takes over as chairman of the board] Lianzhong (06899) announced on May 7, 2024 that three non-executive directors, Liu Xueming, Wang Runqun and Xiao Yundan, resigned due to other work responsibilities. At the same time, Liu Xueming will no longer serve as acting chairman of the board, and Wang Runqun has also resigned from the risk Prevention and Control and Digital Asset Management Committee. Lu Jingsheng has been appointed as the new chairman of the board, a move aimed at strengthening corporate governance and risk management.

After the personnel change, the board of directors also decided to adjust the members of each committee. Lu Jingsheng will join the nomination and Corporate Governance Committee and become the risk Prevention and Control and Digital Asset Management CommitteeMasslotterypowerballThe new chairman. Zhang Li and Guo Yushi were elected as new members of the risk Prevention and Control and Digital Asset Management Committee respectively, while Dai Bing resigned as chairman of the committee.

This series of changes are expected to have an important impact on the corporate governance structure of Lianzhong (06899), which investors should pay close attention to. How the re-layout of the board of directors will affect the company's future development direction and business decisions, the market will wait and see.