Zheshang Securities names Qian Wenhai chairman, Wu Chenggen retires

Zheshang Securities Co., Ltd. announced a key leadership transition, with Qian Wenhai appointed as the new chairman, legal representative, and concurrently serving as president and acting chief financial officer. The appointment was approved during a board meeting on October 24, 2025, and subsequently at an extraordinary general meeting on November 10, 2025. Mr. Qian, born in March 1975, holds a master's degree and is a senior economist and non-practicing certified public accountant, bringing extensive experience from various leadership roles within Zhejiang Provincial Communications Investment Group.

This appointment follows the resignation of Wu Chenggen from his roles as director, chairman, chairman of the board's strategy development and ESG committee, and legal representative, due to retirement. Mr. Wu’s resignation does not impact the board's operational capacity as it still meets the minimum number of directors required by law.

Zheshang Securities expressed gratitude to Mr. Wu Chenggen for his innovative contributions and dedication during his tenure, which significantly fostered the company's sustainable and healthy development. The company will proceed with the necessary industrial and commercial registration changes for the new legal representative.