[NTD Beijing, May 16, 2022]After the bosses of technology companies stepped down from their positions as chairman, senior executives of many well-known Chinese companies resigned on the same day. Including Lu Xiaoqing, chairman of Jiangzhong Pharmaceutical, Shao Changnan, chairman of Dalian Heavy Industry, and Xu Haiying, general manager of Harbin Pharmaceutical Co., Ltd.
On May 16, Jiangzhong Pharmaceutical (also known as China Resources Jiangzhong) announced that the company’s board of directors recently received a written resignation report from the company’s chairman Lu Xiaoqing. Lu Xiaoqing resigned from the positions of chairman and director of the company due to transfer reasons, and also resigned from the positions of convener of the strategy committee of the company’s board of directors and member of the nomination committee.
The resignation report will take effect from the date it is delivered to the board of directors of the company. After Lu Xiaoqing resigned, he no longer held other positions in the company.
On the same day, Dalian Huarui Heavy Industry Group Co., Ltd. (referred to as Dalian Heavy Industry) announced that on May 13, 2022, the company’s board of directors received a written resignation report submitted by the company’s chairman, Shao Changnan. Shao Changnan applied to resign from the positions of director and chairman of the company due to his age, and resigned from the positions of chairman of the strategy committee and member of the nomination committee of the board accordingly.
The resignation report will take effect from the date it is delivered to the board of directors of the company. After his resignation, Shao Changnan will no longer hold any positions in the company.
Harbin Pharmaceutical Group Co., Ltd. (referred to as Harbin Pharmaceutical Co., Ltd.) also issued an announcement on May 16, saying that the company’s board of directors recently received a written resignation report submitted by the company’s director and general manager Xu Haiying. Due to retirement, Xu Haiying resigned as a director of the company, a member of the strategy and decision-making committee of the board of directors, and general manager.
The resignation report takes effect from the date it is delivered to the board of directors. After resigning, Xu Haiying no longer holds any position in the company.
Before the bosses of these well-known companies resigned, the bosses of Chinese technology companies also stepped down as chairman and other positions.
In January 2022, Lei Jun, founder of Xiaomi Group and chairman of Beijing Xiaomi Electronic Products Co., Ltd., stepped down as chairman of the company.
In 2021, Beijing ByteDance founder Zhang Yiming announced his resignation as CEO. After that, Zhang Yiming stepped down as the legal representative of several affiliated companies. In 2021, Huang Zheng, the founder of e-commerce giant Pinduoduo, announced his resignation as chairman in March of that year.
On November 9, 2020, Ma Huateng announced his resignation as the legal representative of Tenpay Payment Technology Co., Ltd. On September 30, 2020, Alibaba founder Jack Ma announced his resignation from the director of Alibaba Group; Zhang Yong, chairman of Alibaba’s board of directors, has also resigned as a director of the company.
Zhao Yuanming, a senior Chinese legal expert, once said that the “retirement before old age” of the bigwigs of private enterprises is a kind of self-preservation behavior. Because of the CCP’s purging and investigation of large private companies, some people have not only been imprisoned, but the company has also been taken over, so they want to get out as soon as possible to save their lives and avoid getting into trouble.
(Reported by reporter Li Jinfeng/responsible editor: Li Quan)
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