West Shanghai: The president's assistant and financial director have resigned, new senior management personnel have been hired.

The West Shanghai announcement stated that recently, President's assistant Yan Fei and Chief Financial Officer Huang Yanhua resigned on January 15, 2026 for personal reasons. After their resignation, Yan Fei continues to serve as a director, and Huang Yanhua serves as a financial advisor. Yan Fei holds 29,304 shares of the company. On January 16, the company held a board meeting and agreed to appoint Chen Lin as President's assistant and Gu Qinghua as Chief Financial Officer, with a term until the end of this term of the Board of Directors. Chen Lin is the son of one of the company's major shareholders, Chen Dexing, and neither of them hold shares nor have any violations on record.