On the evening of December 17, Oriental Selection issued an announcement on the Hong Kong Stock Exchange saying that Sun Dongxu was dismissed as chief executive officer and executive director.
However, on the list of board members attached to the announcement, Sun Dongxu is still listed as a non-executive director. This also confirms what Yu Minhong said in the live broadcast on the evening of December 16 that although Sun Dongxu was removed from the position of CEO, he will still stay in Dongfang Selection and engage in related management work.
Sun Dongxu Source: VCG
According to the above announcement, the board of directors of Oriental Selection Holdings Co., Ltd. has resolved on December 16 to remove Sun Dongxu as chief executive officer and remove him as executive director of the company, effective immediately.
According to the announcement, in view of the recent public opinion turmoil, Sun Dongxu's position change reflects his recent mismanagement of the company's brand and reputation, and the board believes that Sun Dongxu's resignation from these positions will better protect the interests of the company's shareholders, so that more experienced directors can take over the day-to-day management of the company.
Sun Dongxu confirmed that as of the date of this announcement, he has no differences of opinion with the Board of Directors and has not made any claims against the Company.
Yu Minhong Source: VCG
In addition, the announcement announced that the board of directors has appointed Yu Minhong as the new chief executive officer of the company, effective immediately. Yu Minhong will continue to serve as the Chairman of the Board and will be re-designated as an Executive Director of the Company.
According to the announcement, Yu Minhong is a well-known public figure in China and has a deep understanding of agricultural products and live broadcasting. Yu Minhong also serves as the Chairman of the Board and Chief Executive Officer, which is conducive to the efficient implementation of the vision of sustainable development by the management.
Source: Jiupai News
Reporter: Wei Xin
[Source: Jiupai News]
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