Bosera Fund Change of Leadership Settled: Jiang Xiangyang Steps down as Chairman, Zhang Dong to Take Over.

Recently, the news that "Jiang Xiangyang resigned as the chairman of Bo Shi Fund, Zhang Dong may take over" has attracted industry attention. According to informed sources, Jiang Xiangyang has indeed been transferred from the position of chairman of Bo Shi Fund recently and will next move to work at China Merchants Leasing Co., Ltd., a wholly-owned subsidiary established by China Merchants Group in 2016. The source further stated that this personnel change is an organizational adjustment at the China Merchants Group level, which was officially confirmed recently; in addition, the current general manager of Bo Shi Fund, Zhang Dong, has already been appointed as the party committee secretary of the company and is expected to formally take over as chairman after the approval of the board of directors. The relevant processes are still ongoing, and the official announcement will need to wait for the subsequent procedures to be finalized.