Wangsu Science & Tech announces chairman resignation, new appointment

Wangsu Science & Technology announced that Liu Chengyan has resigned from the position of Chairman, effective April 7, 2025. Liu will remain on the board as a director and member of the strategy and nomination committees. Liu's resignation also entails stepping down as the company's legal representative. As of the announcement date, Liu Chengyan holds 197,007,029 shares of Wangsu, representing 8.06% of the company's total share capital. Following Liu's departure, the board approved the election of Hong Ke as the new Chairman, also effective April 7, 2025. Hong Ke previously served as the company's General Manager and has a long history with Wangsu since 2004. The company expressed gratitude to Liu for his contributions during his tenure.