On August 3, Sinopharm Hyundai issued an announcement stating that the company recently received a written resignation report from Xu Jihui. Xu Jihui applied to resign as director and chairman of the company because he had reached the legal retirement age; at the same time, Liu Yong applied to resign as the company's director and president due to a job transfer. After their resignation, neither of them continued to work for the listed company or its holding subsidiary. In addition, the company held a board meeting and agreed to nominate Feng Jun and Wang Yongli as candidates for the company's directors. The term of office starts on the date the shareholders' election is passed until the end of the current board of directors. At the same time, it was agreed to appoint Wang Yongli as the company's president for a term of office from the date of review and approval by the board of directors until the end of the 9th board of directors.

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