Dongguan development holdings appoints new president and CFO

Dongguan Development Holdings, trading as Dongguan Holdings, announced new senior management appointments following its Eighth Board of Directors’ 49th meeting on November 19, 2025. The board approved the appointment of Li Xuejun as the company's president, effective immediately until the end of the eighth board term. This decision was made after the board's nomination committee review.

Concurrently, Li Xuejun will step down from his previous roles as vice president and chief financial officer. To ensure continuity and professionalism in financial operations, the board approved the appointment of Liu Shenghua as the new vice president and chief financial officer. Liu's term also commences immediately and extends until the end of the eighth board term, following recommendations from the company's president, nomination committee, and audit committee.

Both Li Xuejun and Liu Shenghua bring extensive experience to their new roles. Li, 45, a Communist Party member with a management degree, has held various key positions within the company, including board secretary, vice president, and cfo. Liu, 48, a Communist Party member with an accounting degree, is a certified public accountant and tax consultant, previously serving as the general manager of the company’s finance department. Neither individual holds company shares, nor do they have any related party relationships with the company's controlling shareholders or other major stakeholders.