Orient Securities chairman Gong DeXiong resigns due to work reassignment

Orient Securities Company Limited recently announced the resignation of its chairman, Gong DeXiong, who is stepping down from his roles as chairman, executive director, and chairman of the strategy and sustainable development committee, as well as a member of the remuneration and nomination committee, citing a work reassignment. His resignation is effective immediately.

Mr. Gong's original term was set to expire on November 21, 2027. Following his departure, he will no longer hold any positions within Orient Securities or its controlled subsidiaries. The company confirmed his resignation will not cause the board of directors to fall below the statutory minimum number of members and that all necessary work handovers have been completed.

During his tenure, which began in September 2023, Mr. Gong served as party committee secretary, executive director, and chairman, contributing to the company's strategic planning, including the "three-step" medium-to-long-term strategic roadmap and the 2025-2027 strategic plan. Deputy chairman Lu WeiMing will assume the responsibilities of chairman, legal representative, and authorized representative to the Hong Kong Stock Exchange until a new chairman is appointed.