Baiwang Co., Ltd. (stock code: 6657) has released an announcement effective November 28, 2025, detailing multiple senior management changes. The company reported the resignation of Executive Director and Chief Executive Officer Mr. Fu Yingbo, who also stepped down from his role on the remuneration and appraisal committee and as an authorized representative. According to the announcement, Mr. Fu’s resignation was due to his personal career planning, and there were no disagreements with the board.

Following board approval, Chairlady of the Board and Executive Director Ms. Chen Jie has been appointed as the new Chief Executive Officer, effective November 28, 2025. The announcement notes that Ms. Chen Jie will not receive additional compensation for serving as CEO.

Additionally, the board approved the appointment of Executive Director Mr. Zou Yan as a member of the remuneration and appraisal committee, starting November 28, 2025.

The announcement further indicates that Mr. Chiu Ming King resigned as company secretary, process agent, and alternate authorized representative. In his place, Ms. So Lai Shan has been appointed to all three positions, also effective November 28, 2025. The company has stated that there are currently no plans to appoint an alternate authorized representative.