Xiangcai Co., Ltd. announced in the evening that Chen Jian applied to resign as chairman of the company and chairman of the Strategy Committee due to job changes, effective when the report was delivered to the board of directors. After his resignation, Chen Jian ceased to hold the position of chairman of the company and continued to serve as a director of the company and a member of the Strategy Committee. According to the “Articles of Association of Xiangcai Co., Ltd.”, Shi Jianming, the company's vice chairman and president, will perform the duties of chairman on his behalf. The period of acting in his place is from the date Chen Jian's resignation takes effect until the board of directors elects a new chairman.

Xiangcai Co., Ltd. announced in the evening that Chen Jian applied to resign as chairman of the company and chairman of the Strategy Committee due to job changes, effective when the report was delivered to the board of directors. After his resignation, Chen Jian ceased to hold the position of chairman of the company and continued to serve as a director of the company and a member of the Strategy Committee. According to the “Articles of Association of Xiangcai Co., Ltd.”, Shi Jianming, the company's vice chairman and president, will perform the duties of chairman on his behalf. The period of acting in his place is from the date Chen Jian's resignation takes effect until the board of directors elects a new chairman.