Newsletter summary

China Tongfu (01763) announcement shows that Mr. Xu Hongchao resigned as executive director and general manager due to the change of position. From May 6, 2024GigipokerMr. Wang Yao will take over as general manager and propose to serve as executive director.

Text of news flash

[China Tongfu (01763) Board of Directors considers and approves key personnel changes] China Tongfu announces major senior personnel adjustments.GigipokerMr. Xu Hongchao resigned as executive director and general manager of the company on May 6, 2024 due to job adjustment.

China Tongfu also announced that with the approval of the shareholders' meeting, Mr. Wang Yao will take over the position of Mr. Xu Hongchao as an executive director of the company, a member of the Strategy Committee of the Board of Directors and a member of the Science and Technology Innovation Committee.

The term of office of Mr. Wang Yao will be from May 6, 2024 until the expiration of the fourth session of the Board of Directors. The board of directors has high hopes for the incoming Mr. Wang Yao, which is expected to bring new impetus to the development of the company.

This high-level personnel adjustment is of great significance to investors and may affect the company's future development strategy and market performance. How the market reacts to this change deserves close attention.

After completing the above personnel adjustment, China Tongfu will officially start a new stage of development planning. Investors need to pay attention to the future trends of the company and carefully evaluate their investment decisions.