Baoji Capital (08168): Xie Lei was removed as executive director

Zhitongcaijing · 2d ago

According to Zhitong Finance App News, Baoji Capital (08168) announced that Mr. Xie Lei has been removed from the position of executive director, effective September 5, 2026. In accordance with Section 105 (h) of the Company's 5th revised and revised Articles of Association, a written notice co-signed by all other directors and dated September 6, 2026 was sent to Mr. Xie to dismiss him. According to written notice, Mr. Xie has also been removed from the positions of CEO of the Company and director of the Company's subsidiaries.

The dismissal was due to Mr. Xie's breach of fiduciary duties with respect to (i) his attempt to freeze multiple bank accounts of the Group without the authorization of the board of directors; (ii) his actions caused the Group to enter into a lease agreement relating to the establishment of a branch office in Beijing, People's Republic of China; (iii) he failed to provide valid business plans and financial statements for the establishment of a branch office; (iv) he allegedly failed to comply with relevant regulations when selling certain shares in one of the Company's subsidiaries to his secretary; and (v) his son (i.e. Xie Xudong) (Mr.) Suspected misappropriation of the Group's funds.