COFCO Capital Holdings appoints new general manager amidst board changes

COFCO Capital Holdings Co. Ltd. announced a series of leadership and financial updates, with a new general manager appointment taking center stage. Sun Yanmin has resigned as general manager due to work commitments but will continue to serve as chairman and chairman of the strategy and sustainable development committee. Wang Xi, born in 1983 and holding a master's degree, has been appointed as the new general manager, effective October 29, 2025, until the end of the sixth board of directors' term. Wang Xi previously held various leadership roles within COFCO Group, including assistant general manager of the strategic investment and M&A department and deputy general manager of the strategic equity management department.

The company also announced the resignations of Sun Changyu and Li Degang as non-independent directors, with Sun Changyu no longer holding any positions within the company or its subsidiaries. Li Degang will continue as deputy general manager and chief financial officer. In conjunction with these changes, the company will propose Wang Xi and Yu Yanlei, also born in 1983 and holding a master's degree, as new non-independent director candidates at the first extraordinary general meeting in 2025 on November 18, 2025.

In financial news, COFCO Capital Holdings reported a total operating revenue of 7.17bn yuan for the first three quarters of 2025, a decrease from 7.84bn yuan in the prior-year period. Net profit attributable to shareholders was 1.03bn yuan, down from 2.34bn yuan. The company also announced an upcoming third-quarter earnings briefing on October 31, 2025, and a general meeting on November 18, 2025, to vote on the board changes and other matters.