HAIWEI ELEC (09609) has announced a change in its senior management team, effective August 25, 2026.

According to the company's official statement, Mr. Sheng Zhixuan has stepped down from his role as the Chief Financial Officer. Concurrently, Mr. Xu Haiqiang has been appointed to succeed him as the new Chief Financial Officer, with both changes taking effect from the same date.

This transition marks a strategic adjustment within the company's financial leadership, as it continues to align its management structure with its operational goals. The announcement did not specify the reason for the departure of the former CFO, but the appointment of Mr. Xu underscores a commitment to maintaining financial stability and oversight.

The changes are now officially in place, and the company is expected to proceed with its financial operations under the new leadership without disruption.