Flowing Cloud Technology Ends Key Shareholder Agreement

Flowing Cloud Technology Ltd. (HK:6610) has released an update.

Flowing Cloud Technology Ltd. has announced the termination of a concert party agreement between its shareholders, Mr. Wang Lei and Mr. Li Yanhao, as Mr. Li steps down from his executive director role to focus on other commitments. This move aligns with the company’s long-term strategic goals and is expected to optimize its decision-making processes. The termination means that Mr. Wang and Mr. Li will no longer act in concert in company matters, marking a significant shift in the group’s governance structure.

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