WXSJ(SH:603185) Di Yi Cai Jing·2025-09-11 12:19Core Viewpoint - Wuxi Suntech, known as the "first stock in photovoltaic," has appointed a new chairman amid its ongoing restructuring efforts after facing bankruptcy twice [2][3][4] Group 1: Company Leadership Changes - The new chairman of Wuxi Suntech is Wan Yingzi, with He Shufan serving as the director and general manager [2] - Historical personnel changes indicate that the chairman position was previously held by Wu Fei before being succeeded by Huang Chang from the "Jianfa system" [3] Group 2: Restructuring Efforts - Hongyuan Green Energy announced its intention to participate in the pre-restructuring of Wuxi Suntech, aiming to stabilize operations during this period [3] - A cooperation agreement was signed between Hongyuan Green Energy's subsidiary and Jiangsu Shunfeng Photovoltaic Technology Co., Ltd. to manage Wuxi Suntech's operations [3] - The cooperation agreement allows Hongyuan Green Energy to perform various management functions, excluding board and shareholder meeting powers [3] Group 3: Company History and Challenges - Wuxi Suntech became the first private enterprise from China to list on the New York Stock Exchange in 2005, with its founder, Shi Zhengrong, becoming a billionaire shortly after [4] - The company declared bankruptcy in 2013 due to unsustainable debt levels and is currently undergoing its second pre-restructuring process initiated by a court decision in May 2023 [4]