Fast Technology reported on December 18 that after the fermentation of the "small composition" incident of Dongfang Selection, it finally ended with CEO Sun Dongxu being removed from the position of CEO.
Oriental Selection announced on the Hong Kong Stock Exchange last night that due to Sun Dongxu's mismanagement of the company's brand and reputation, the board of directors has resolved on December 16 to remove Sun Dongxu as chief executive officer and remove him as executive director of the company, effective immediately. However, Sun Dongxu still retains his position as a non-executive director of Oriental Selection.
Oriental Selection said in the announcement that 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 withdrawal 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.
The Board of Directors has appointed Yu Minhong as the new Chief Executive Officer of the Company with immediate effect.
Yu Minhong will continue to serve as Chairman of the Board and will be re-designated as an Executive Director of the Company.
In addition, Yu Minhong and Dong Yuhui also appeared on Douyin live broadcast last night, Yu Minhong publicly said that Sun Dongxu's removal from the position of CEO of Dongfang Selection has nothing to do with Dong Yuhui.
Yu Minhong pointed out that the company's CEO should handle things well, not add fuel to the fire, Xiao Sun (Sun Dongxu) used a very inappropriate attitude, very inappropriate language, and Xiao Sun also announced Dong Yuhui's personal salary, which violated Dong Yuhui's privacy.
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