Yin Zhenyuan, chairman of Wuxi Weifu High-Tech Group, has resigned due to work adjustments. Rong Bin has been appointed vice chairman and will assume the duties of chairman on an acting basis. On July 26, 2026, the company received Yin Zhenyuan's written resignation, in which he stepped down as chairman, legal representative, director, and chairman of the board's strategy committee. After his resignation, he will no longer hold any position in the company or its controlled subsidiaries and does not hold any company shares. On the same day, the company's 11th board of directors elected Rong Bin as vice chairman at its 19th meeting and appointed him to carry out the duties of chairman, legal representative, and chairman of the board's strategy committee. This acting arrangement will remain in place until the board elects a new chairman. The company will complete the procedures for director by-election, chairman election, and industrial and commercial registration changes as soon as possible.
Weifu High-Technology Group Co LtdChairman resigns due to work adjustments; successor appointed but no strategic change indicated.
Weifu High Tech GroupChairman resigns due to work adjustments; successor appointed but no strategic change indicated.