Reported 9 months ago
According to media reports, New Kinpo Group's Chairman, Chen Huaizhou, has submitted his resignation to the company due to health reasons. Initially, New Kinpo Group responded with no knowledge of the situation. However, it was officially announced this evening that the Chairman has resigned for personal health reasons, with no changes in the management team expected, thus no significant impact on securities prices or shareholder rights. The potential for high-level personnel changes in New Kinpo Group has gained attention, with Vice Chairman Wu Dongming and New Kinpo Life's Chairman Wei Baosheng being likely candidates to succeed as the new Chairman. Market expectations are pending approval from the Financial Supervisory Commission. Chen Huaizhou, who took office just a year ago, played a significant role in the potential merger between Taiwan Shin Kong Financial Holding and Chang Hwa Commercial Bank, serving as an important aide to Darren Chen, Chairman of Taiwan Shin Kong Financial Holding and major shareholder of New Kinpo Group. His move to New Kinpo Group was seen as a prelude to the possible merger between New Kinpo Group and Taiwan Shin Kong Financial Holding.
Source: YAHOO