Double Medical Technology Incorporated announced the appointment of Lin Zhixiong, the company's actual controller, as general manager, with a term lasting until the end of the fourth board of directors. Lin Zhixiong directly holds 86,203,902 shares of the company and indirectly controls 97,124,098 shares through Guangxi Double Medical Shangtong Venture Capital Company Limited, together controlling 44.28% of the company's total share capital. The company stated that this move will help coordinate business decisions, improve management efficiency, and ensure strategic stability and continuity. Lin Zhixiong meets the qualifications for the position and there are no circumstances that would prevent him from serving as a senior manager of a listed company.
Double Medical Technology IncAppointment of controlling shareholder as GM may improve management efficiency but is a governance change with unclear direct impact.
