ST Busen held the 14th meeting of its seventh board of directors on August 11, electing Wang Bo as chairman and general manager, marking the formal completion of a comprehensive restructuring of the board and management since the change of control in June this year. The new board consists of seven directors, down two from the previous nine seats. Among them, Wang Bo, Zhang Min, Yuan Zhaoyun, Wei Wenli, and Lin Shanlang are newly appointed, while Huang Ping and Deng Yun remain in their positions. The reshuffle follows the change of controlling shareholder to Guangzhou Yanfeng Digital Technology Co., Ltd. in June 2026, with Wang Bo becoming the actual controller, directly and indirectly holding a combined 18.29 percent stake in the listed company. Earlier, on July 27, seven directors, including former chairman Sun Xiaoming, resigned collectively, paving the way for this board renewal.
Zhejiang Busen Garments Co LtdBoard reshuffle and new chairman appointed, but impact on operations unclear.
Controlling shareholder change completed, but no direct impact on this private company.
