E-Commodities Holdings announces leadership changes and loan guarantee

E-Commodities Holdings Limited announced that Chen Xiuzhu will resign as company secretary and alternate to the authorised representative effective December 16, 2025. Ren Yu has been appointed as the new company secretary and authorised representative, effective the same date. Ren, who joined the company in August 2017 and has served as general manager of the chairman's office since 2018, holds degrees from Beijing Foreign Studies University, Renmin University of China, and The Chinese University of Hong Kong, and is an associate member of The Hong Kong Chartered Governance Institute.

In a separate announcement, E-Commodities Holdings disclosed that its wholly-owned subsidiary, Hainan More Richway Supply Chain Management Co., Ltd., entered into a banking facility agreement with Export-Import Bank of China Hainan Branch. This agreement provides a credit facility of up to 100 million yuan for working capital, commencing December 16, 2025, and ending December 31, 2026. The company will provide a corporate guarantee of up to 120 million yuan to the Bank, covering the same period.