Biyi Shares has completed its board renewal election. Wen Jiwang has been elected chairman, and Hu Dongsheng has been appointed general manager. The company's third board of directors consists of nine directors, including six non-independent directors, one of whom is an employee director, and three independent directors. Wen Chao serves as vice chairman. Meanwhile, Jin Xiaohong has been appointed chief financial officer and concurrently serves as employee director, and Zheng Lingling serves as securities affairs representative. All senior management appointments comply with regulatory requirements. In the first quarter of 2026, the company achieved revenue of 549 million yuan, with a net loss attributable to the parent company of 16.51 million yuan.
Zhejiang Biyi Electric Appliance Co. Ltd.Board renewal and management appointments are routine governance changes; no clear positive or negative impact on operations or financials.