JSCN(SH:600959) Shang Hai Zheng Quan Bao·2025-11-07 19:44Core Viewpoint - Jiangsu Broadcasting Cable Information Network Co., Ltd. has announced significant changes in its senior management team, including resignations and new appointments, to align with the company's strategic planning [2][4][8]. Management Changes - On November 7, 2025, several senior executives, including General Manager Yang Qingfeng and Vice General Managers Kuang Hui, Sun Sheng'an, Wang Zhan, Chen Song, Wu Yupeng, and Shi Qian, resigned due to work adjustments [2][4]. - The resignations are effective immediately upon delivery to the board, and the departing executives have completed the necessary handover processes [4]. - Yang Qingfeng will continue to serve as a board member, while Kuang Hui and Sun Sheng'an will take on roles in subsidiary companies [2][4]. New Appointments - The board of directors held a meeting on November 7, 2025, where they approved the appointment of Zhu Ruijuan as the new General Manager and Li Guanjun and Tang Anhui as Vice General Managers [3][5][8]. - The new appointments are effective from the date of the board's approval until the end of the current board's term [3][5]. Impact on Company Operations - The company expressed gratitude for the contributions of the departing executives during their tenure, highlighting their commitment to the company's operations and development [4]. - The board will appoint a new secretary in due course, with the current responsibilities temporarily assumed by the chairman [4]. Shareholder Actions - Jiangsu Cultural Technology Holding Group, the controlling shareholder, plans to increase its stake in the company by investing between RMB 100 million and RMB 150 million within the next 12 months, with a maximum purchase price of RMB 4 per share [16][17]. - As of the announcement date, the controlling shareholder holds 2,629,131,747 shares, representing 52.58% of the total share capital [16].