Fuyao Glass (03606) announced that in order to strategically optimize its corporate governance structure and promote sustainable development, Cao Dewang has applied to resign from the position of chairman while continuing to serve as a director. The board has appointed Cao Dewang as Honorary Chairman for Life. Moving forward, he will continue to contribute his insights and efforts towards the company's strategic planning and long-term development in his roles as Honorary Chairman for Life, director, member of the Strategic Development Committee, and member of the Compensation and Assessment Committee. The board also elected Cao Hui as the new chairman.