Zhitong Finance App News, Weineng Group (01608) announced that due to changes in the work schedule, Mr. Lin Ercong, the company's executive director, will no longer be the Group's CEO, effective July 28, 2026. Mr. Lin will continue to serve as Executive Director. Executive Director Mr. Wang Jiachang will be appointed as CEO. Mr. Wang will sign an employment contract for his role as CEO, effective July 28, 2026. According to the employment contract, Mr. Wang's tenure was not fixed and he relinquished his right to receive remuneration from the Group during his tenure.

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