Luyin Investment announced on the evening of September 11 that chairman Yang Yaodong had resigned from his posts as director, chairman, and all roles on the board's special committees for personal reasons. After resigning, he no longer holds any position at the company. His original term was set to expire on May 17, 2029. Just three days earlier, on September 8, company director and deputy general manager Zhang Lianbo also announced his resignation and departure, with the same original term expiration date of May 17, 2029. The successive early departures of the two executives drew market attention. On the same day as Zhang Lianbo's resignation, the company held the sixth meeting of the twelfth board of directors, where it approved the appointment of Wang Dong as deputy general manager and nominated him as a candidate for director of the twelfth board. In terms of performance, in the first half of 2026, Luyin Investment achieved operating revenue of 1.701 billion yuan, up 2.97 percent year on year, while net profit attributable to shareholders of the listed company was 108 million yuan, down 16.60 percent year on year. The process of electing a new chairman is still under way.
Luyin Investment Group Co LtdChairman and deputy general manager both resigned early within a week, creating leadership instability, while H1 2026 net profit fell 16.60% year on year.
