Wuxi Best Precision Machinery Co., Ltd. announced that former CFO Chen Bin will no longer hold that concurrent role but will continue serving as deputy general manager and board secretary. Before a new CFO is appointed, general manager Guo Junxin will assume the acting CFO duties. The decision was approved at the fifth board of directors' second meeting, aiming to ensure the smooth operation of financial work. Chen Bin indirectly holds 297,675 shares of the company through a partnership enterprise, while Guo Junxin indirectly holds 429,975 shares through a partnership enterprise. The company stated it will complete the selection and appointment of a new CFO as soon as possible and fulfill its information disclosure obligations in a timely manner.
Wuxi Best Precision Machinery Co LtdCFO change and acting appointment may affect financial management but no clear impact on operations.
