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According to exclusive information obtained by Sina Finance, Ruixing Coffee announced that Chairman and CEO Guo Jinyi will no longer serve as Chairman of the company, but will continue to serve as CEO and director. At the same time, the board of directors has approved the appointment of Li Hui to rejoin the board and serve as Chairman. Li Hui currently serves as Chairman and CEO of Dazheng Capital, which is the largest shareholder of Ruixing Coffee.
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