Fu Shou Yuan announces CEO transition, appoints co-CEOs

Fu Shou Yuan International Group Limited announced a significant leadership restructuring, with Wang Jisheng stepping down as chief executive officer due to age and energy level considerations. Wang will continue to serve as an executive director and a member of the nomination committee.

The company will establish a Co-Chief Executive Officer (Co-CEO) system, appointing Jin Leiyi and Ma Jianting to the roles. Jin, currently the general manager of the Group's Western Region, brings over 20 years of experience in cemetery operation. Ma, the incumbent chief financial officer, has over 20 years of experience in finance and audit. Both appointments are effective December 12, 2025.

Under the new framework, Jin will focus on business operations, market expansion, strategy planning, and digital transformation. Ma will oversee financial and capital management, supply chain, and brand development. Together, they will manage human resources, daily operations, and report to the board. Jin's current annual salary is RMB950,000, and Ma's is RMB1,600,000, with no additional remuneration for their Co-CEO appointments initially.