Tingyi Holdings appoints new CEO as Chen Yinjang retires

Tingyi (Cayman Islands) Holding Corp. announced a change in its chief executive officer, effective January 1, 2026. Chen Yinjang, the current CEO, has decided to retire and will not renew his service contract, which expires on December 31, 2025. The board expressed gratitude to Chen for his valuable contributions since February 2013, particularly in talent development, food safety, technology platforms, sustainable development, and public image enhancement.

Wei Hong-Chen, currently an executive director, has been appointed as the new CEO, commencing January 1, 2026. Wei, 43, joined the group as an executive director on January 1, 2019, and holds a Bachelor's degree from Imperial College London and an MBA from Harvard Business School. He has also served as chairman of KSF Beverage Holding Co., Ltd. since 2019, where he led consistent revenue and profit growth.

Wei is the younger brother of Wei Hong-Ming, the chairman of the board and an executive director. As of the announcement date, Wei holds 5,000,000 shares and share options to subscribe for 1,385,000 shares of the company. His emoluments as CEO will be determined based on market conditions, experience, and the company’s remuneration policy, with details to be disclosed in the annual report.