CLSA PREMIUM Announces Major Board and Executive Shakeup

CLSA PREMIUM has announced a series of significant changes to its board of directors and executive management, effective from April 10, 2025. Xu Jianqiang has stepped down as a non-executive director and chairman of the corporate governance committee to focus on other business commitments. Wu Jianfeng has resigned as an independent non-executive director and member of the remuneration and audit committees to dedicate more time to personal affairs. Ma Anyang has resigned as an independent non-executive director, chairman of the remuneration committee, and member of the audit, corporate governance, and nomination committees due to potential conflicts of interest that could impair his independent service capability.

In a concurrent announcement, the firm has appointed new executives based on the recommendations of the nomination committee. Effective from April 11, 2025, Ji Guangfei has been appointed as an executive director, chairman of the board, and chief executive officer. Li Jiang has been appointed as an executive director and vice-chairman of the board. Zhang Huanping has been appointed as an executive director. Zhou Zuyu has been appointed as an independent non-executive director and senior independent non-executive director. Lü Aiping has been appointed as an independent non-executive director.

Additionally, Yuan Feng has resigned as the vice chief executive officer. Ji Guangfei will replace Li Run as the chairman of the board. Yuan Feng and Zhong Zhuoxun have been reassigned from executive directors to non-executive directors. Following the resignations of Xu Jianqiang and Yuan Feng, they will no longer serve as authorized representatives or legal process agents for the company. Ji Guangfei and the company secretary Shi Yonghua have been appointed as the company's authorized representatives and legal process agents, effective from April 11, 2025.

These changes reflect a strategic realignment within the company, aimed at enhancing its leadership and governance structure. The appointments of Ji Guangfei, Li Jiang, and Zhang Huanping bring a wealth of experience and expertise to the executive team, positioning the firm for continued growth and success. The new independent non-executive directors, Zhou Zuyu and Lü Aiping, will provide valuable oversight and guidance, ensuring the company's operations remain transparent and accountable. The firm's strategic realignment is expected to strengthen its market position and drive future growth initiatives.