Xiao Wei resigns as Chairman of Kangyuan Pharmaceutical and steps back to "nurture successors".

Kangyuan Pharmaceutical announced today that Xiao Wei has resigned as the company's chairman. Company personnel told reporters: "Because of age reasons, he will focus on company strategy and research and development in the future, as well as cultivating successors." Regarding the resignation of the chairman, company personnel emphasized to reporters that there were no other special reasons, "he has just resigned from the position of chairman, he still serves as a director in the company, and will also participate in some of the company's operational management work."