Cai Jing Wang·2025-12-18 07:08Core Viewpoint - The announcement reveals the retirement of Chen Yingrang as CEO of Master Kong Holdings, effective December 31, 2025, and the appointment of Wei Hongcheng as the new CEO starting January 1, 2026 [1] Company Announcement - Chen Yingrang has decided to retire and will not renew his service contract with the company [1] - The board has appointed Wei Hongcheng as the new CEO, effective January 1, 2026, while he will continue to serve as an executive director [1] - Wei Hongcheng is the brother of Wei Hongming, the chairman and executive director, and their family holds 100% of the major shareholder, Ting Hsin (Cayman Islands) Holdings Co., Ltd [1] - As of the announcement date, Wei Hongcheng holds 5 million shares of the company and has options to subscribe for 1.385 million shares [1]