Board Reshuffle Finalized at XUANWU CLOUD (02392), Focusing on AI and Internationalization for New Growth

Stock News
Feb 09

XUANWU CLOUD (02392) announced on February 9 that it has completed the reshuffle of its board of directors and various committee members. Lian Jian, who had previously become the company's single largest shareholder, has been appointed as Chairman of the Board and Executive Director. Notably, other new board members also possess substantial expertise in fields such as finance, capital markets, and law.

The board restructuring covered key positions including the Chairman, Executive Directors, and Independent Non-Executive Directors. Lian Jian and Chen Zhengxu were appointed as Executive Directors, with Lian Jian also assuming the role of Chairman, responsible for overseeing the implementation of the group's overall business development strategy and supervising daily operations. Furthermore, Wang Guisheng, Xiao Jingyi, and Cao Jianrong form the new team of Independent Non-Executive Directors.

Market observers point out that the core highlight of this board reshuffle is the precise alignment of the new directors' capabilities and backgrounds with the company's future development strategy. In addition to Chairman Lian Jian's strong industrial and investment background, Executive Director Chen Zhengxu brings over 20 years of extensive experience in investment banking and equity investment. Independent Director Wang Guisheng has more than 30 years of experience in financial management, accounting, taxation, and corporate management, having served as a director and senior manager in companies listed on the Hong Kong Stock Exchange and other domestic exchanges for over two decades.

This board reshuffle is viewed by the market as a significant move by XUANWU CLOUD to optimize corporate governance, integrate superior resources, and enhance competitiveness. It not only solidifies the foundation for implementing the company's strategy but also signals the company's entry into a new phase of high-quality development.

Following the change in major shareholders, the completion of internal asset restructuring, and the establishment of the new board team, XUANWU CLOUD's strategic direction has become increasingly clear. The newly appointed Chairman, Lian Jian, previously stated that XUANWU CLOUD will focus on its core cloud communications business, fully embrace AI, advance its international layout, and embark on a new stage of high-quality development.

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