Group 1 - The company New World Department Store China (00825) announced a series of management changes effective from January 9, 2026 [1] - Mr. Zhang Huire has resigned as Chairman and Executive Director, and will no longer serve as an authorized representative or member of the Executive Committee, Nomination Committee, and Remuneration Committee [1] - Dr. Zheng Jiachun has been appointed as Chairman and Executive Director, as well as a member of the Executive Committee [1] - Ms. Huang Shaomei has been appointed as Vice Chairman and Executive Director, and Chairperson of the Executive Committee [1] - Executive Director Ms. Xie Huifang will no longer serve as Chairperson of the Executive Committee but will remain a member of the Executive Committee [1] - Executive Directors Ms. Zhao Huixian and Mr. Chen Yaohau have been appointed as members of the Nomination Committee [1] - Executive Directors Mr. Liu Fuqiang and Mr. Chen Yaohau have been appointed as members of the Remuneration Committee, with Mr. Liu Fuqiang also appointed as an authorized representative [1]