China Resources Medical names Zhang Chuang new CEO, appoints Wu Xinchun to board

Effective November 7, 2025, Zhang Chuang has been appointed an executive director and the new chief executive officer of China Resources Medical Holdings Company Limited. Concurrently, Wu Xinchun has been appointed an executive director. These appointments follow the resignation of Yu Hai as chief executive officer due to a change in work arrangements, though he will continue as an executive director and chairman of the board.

Zhang Chuang, 48, brings extensive experience from China Resources Healthcare Group Limited, where he served as general manager and director. He will receive a pre-tax basic monthly salary of RMB65,000 for his new positions. Wu Xinchun, 55, currently serves as the company's vice president and deputy general manager of CR Healthcare, and will receive a pre-tax basic monthly salary of RMB59,500.

Both Zhang and Wu have entered into three-year service agreements as executive directors, effective from November 7, 2025, to November 6, 2028. Their remuneration, including discretionary bonuses, will be determined by the board based on recommendations from the remuneration committee.