According to the Zhitong Finance App, Xiabu Xiabu (00520) announced that Mr. He Guangqi is currently the chairman of the board of directors, CEO and executive director of the company. Since the company's succession plan has expressed his desire to step down as CEO for five years from August 28, 2026. After Mr. He steps down as CEO, he will be transferred from an executive director of the company to a non-executive director starting August 28, 2026. Mr. He will continue to serve as Chairman, Chairman of the Board's Nomination Committee, and a member of the Remuneration Committee. Mr. Feng Huihuang is currently an executive director and Group Vice President of Finance. He will succeed Mr. He and will be appointed as the new CEO from August 28, 2026.

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