Lianlian DigiTech Reshapes Top Management With New Executive Director Nominations

Lianlian DigiTech Co., Ltd. Class H ( (HK:2598) ) has shared an update.

Lianlian DigiTech Co., Ltd. announced that chief executive officer and executive director Xin Jie and financial director and executive director Wei Ping will resign as executive directors for family reasons, effective upon the election of new board members at the 2025 annual general meeting. Both will stay on as consultants, while the board has nominated current co-presidents Shen Enguang and Sun Dali as new executive directors, leveraging their extensive internal leadership and banking and payments industry experience to support the company’s strategic planning and daily operations.

Shen, who has held senior roles within Lianlian International and previously worked at HSBC and Bank of East Asia, and Sun, a long-time executive in payments and risk management at firms including China UnionPay and All In Pay, are expected to provide continuity in governance and management. The reshuffle signals a planned leadership transition that maintains institutional knowledge and may strengthen the group’s operational and strategic capabilities without disrupting its ongoing business.

The most recent analyst rating on (HK:2598) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on Lianlian DigiTech Co., Ltd. Class H stock, see the HK:2598 Stock Forecast page.

More about Lianlian DigiTech Co., Ltd. Class H

Lianlian DigiTech Co., Ltd. is a Chinese fintech company focused on digital payment and cross-border payment services. Through its subsidiaries such as Lianlian International and regional units in Europe, the Middle East and Southeast Asia, it serves merchants and partners in domestic and international payment and financial technology markets.

Average Trading Volume: 1,986,191

Technical Sentiment Signal: Sell

Current Market Cap: HK$6.56B

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