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Xiaocaiyuan Executive Director Resigns as Chairman Wang Assumes Authorized Representative Role

Story Highlights
  • Xiaocaiyuan’s executive director and vice general manager Li Daoqing resigned from all group roles, effective 29 December 2025.
  • Chairman Wang Shugao becomes authorized representative as existing acting-in-concert and lock-up arrangements, and overall control structure, remain unchanged.
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Xiaocaiyuan Executive Director Resigns as Chairman Wang Assumes Authorized Representative Role

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The latest update is out from Xiaocaiyuan International Holding Ltd. ( (HK:0999) ).

Xiaocaiyuan International Holding Ltd. has announced the resignation of executive director, vice general manager and authorized representative Li Daoqing, effective 29 December 2025, citing other work commitments, with Li stepping down from all positions within the group. Despite his departure from management, Li will remain bound by the existing acting-in-concert and voluntary lock-up arrangements with chairman Wang Shugao and other individual shareholders, meaning the aggregate interests and control structure among these parties will not change; concurrently, Wang has been appointed as the company’s new authorized representative, consolidating his central role in governance and signaling continuity in decision-making and shareholder alignment.

More about Xiaocaiyuan International Holding Ltd.

Xiaocaiyuan International Holding Ltd. is a Cayman Islands-incorporated company listed on the Main Board of the Hong Kong Stock Exchange. The group operates through a shareholding structure that includes BVI entities such as XCY Yongqing Limited, with key individual shareholders led by chairman and general manager Wang Shugao acting in concert under a pre-existing agreement to align their voting control over the company.

Average Trading Volume: 1,959,981

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$11.21B

Learn more about 0999 stock on TipRanks’ Stock Analysis page.

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