On October 30, the China Merchants Group issued an announcement and received a document issued by the State Council. Shi Dai is no longer a director of the company. After review by the board of directors, he was removed from the position of general manager of the company. On September 11 this year, Hong Kong China Travel Co., Ltd. held a meeting of middle level and above management. The relevant responsible comrades from the Central Organization Department announced the Party Central Committee's decision to remove Shi Dai as the chairman of Hong Kong China Travel Co., Ltd. and remove him from the position of director and general manager of China Merchants Group Co., Ltd. Shi Dai, born in September 1967, is a native of Dandong, Liaoning. He has served as Deputy General Manager of Sinochem Group Corporation, Secretary of the Secretariat of the National Federation of Trade Unions, member of the Standing Committee of the Ningxia Hui Autonomous Region Party Committee, and Head of the Organization Department. In 2023, he was the director and general manager of China Merchants Group Co., Ltd.

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