Legend Holdings names Yu Hao new CEO as Li Peng resigns

Legend Holdings Corporation announced that Li Peng has resigned as an executive director and chief executive officer due to personal career choices, effective November 17, 2025. Li, who served as CEO since 2020, will also cease to be a member of the environmental, social and governance committee and the strategy committee. The board expressed gratitude for his contributions to the company's strategic development and business transformation.

Concurrently, Yu Hao has been appointed as the new chief executive officer, effective November 17, 2025. Yu, aged 54, joined the company in 2021 and has served as vice president and managing director of the innovation center. He holds 158,000 H shares of the company, representing approximately 0.0124% of the total issued H shares.

Yu's service agreement commences on November 17, 2025, and extends until the annual general meeting for the election of the fifth board. His emoluments will be determined by the board, considering duties, responsibilities, business performance, and market conditions, and will be disclosed in the company's annual report.