Zhong Guo Jing Ying Bao·2025-10-17 06:24Core Viewpoint - The transition of leadership at Fuyao Glass, with Cao Dewang stepping down as chairman and his son Cao Hui taking over, is seen as a significant move towards optimizing corporate governance and ensuring sustainable development [1][2]. Group 1: Leadership Transition - Cao Dewang resigned from the position of chairman to promote strategic optimization and sustainable development within the company [1]. - Cao Hui has been elected as the new chairman and appointed as the legal representative and head of the strategic development committee [1]. - Cao Dewang will continue to serve as a director and honorary chairman for life, maintaining a presence in the company's governance [1]. Group 2: Company Background - Cao Dewang is the actual controller of Fuyao Glass, holding 15.66% of the company's shares [1]. - He has been a key figure in the company since its inception in 1999, symbolizing the core spirit and culture of Fuyao [1]. - Cao Hui joined the company in 1998 and has held various positions, including vice chairman and general manager, indicating his deep involvement in the company's management and strategic direction [1]. Group 3: Future Outlook - The leadership change is viewed as a critical step in family succession and corporate governance, potentially accelerating the company's internationalization and technological transformation [2].