Pine Technology appoints Yu Wei new executive director and chairman

Mr. Zhang Sanhuo has resigned as an executive director, chairman of the board, chief executive officer, a member of the remuneration committee, and chairman of the nomination committee, effective October 3, 2025. He has also ceased to be the authorised representative.

Concurrently, Mr. Yu Wei has been appointed as an executive director, chairman of the board, chief executive officer, a member of the remuneration committee, chairman of the nomination committee, and the authorised representative. Mr. Yu, 48, brings over 18 years of experience in the stock market and private equity investment in the PRC, holding 714,958,037 shares of Pine Technology Holdings, representing approximately 53.89% of the total issued share capital. His service contract is for a three-year term with a monthly director's fee of HK$100,000.

The board now includes Mr. Yu Wei (chairman and CEO), Ms. An Juan, Mr. Wang Shoulei as executive directors, and Mr. So Stephen Hon Cheung, Mr. Zhou Chunsheng, and Mr. Tian Hong as independent non-executive directors. Mr. Yu chairs the nomination committee and is a member of the remuneration committee.