Industrial Securities chairman Yang HuaHui resigns due to age

China Industrial Securities (SSE:601377) announced the resignation of its Chairman, Yang HuaHui, effective June 22, 2025. The resignation is attributed to Mr. Yang reaching retirement age. He is stepping down from his roles as Director, Chairman, member of the Board's specialized committees, and legal representative. The company confirmed that Mr. Yang will no longer hold any positions within the company or its subsidiaries. Industrial Securities stated that Mr. Yang's departure does not reduce the number of board members below the legal minimum and will not affect the normal operation of the board. The company expressed its gratitude for Mr. Yang's contributions during his tenure, which began in 2017, highlighting his leadership in achieving the company's strategic goals.