Zheng Quan Shi Bao·2025-10-16 18:41Core Viewpoint - The resignation of Cao Dewang as Chairman of Fuyao Glass is aimed at optimizing the company's governance structure and ensuring sustainable development, with his son, Cao Hui, taking over the role [1][2]. Group 1: Leadership Changes - Cao Dewang has submitted his resignation as Chairman but will continue to serve as a director and hold other positions within the company [1]. - Cao Hui has been elected as the new Chairman and will also serve as the legal representative and head of the strategic development committee [2]. - The transition of responsibilities between Cao Dewang and Cao Hui will be managed according to company procedures, ensuring no adverse impact on normal operations [2]. Group 2: Contributions and Future Roles - Cao Dewang is recognized as the founder and key figure in Fuyao Glass's growth, leading the company to become a global leader in the automotive glass industry [2]. - He has been appointed as the lifetime honorary chairman, continuing to contribute to the company's strategic planning and long-term development [2]. Group 3: Financial Performance - Fuyao Glass has shown steady growth, with revenue reaching 33.3 billion yuan in the first three quarters of 2025, a year-on-year increase of 17.62%, and a net profit of 7.064 billion yuan, up 28.93% [3].