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Core Viewpoint - The resignation of Lai Yuwen, the president of Wanhe Electric, just over a month after being appointed as a non-independent director, raises questions about the company's governance and leadership stability [2][8]. Group 1: Resignation Details - Lai Yuwen resigned from his positions due to personal reasons and will no longer hold any roles within the company or its subsidiaries [2][3]. - The company stated that the work Lai was responsible for has been handed over smoothly, and his resignation will not impact normal operations [3]. - Lai was elected as a non-independent director on September 17, with 96.08% of votes in favor, indicating strong shareholder support for his appointment [5][6]. Group 2: Background of Lai Yuwen - Lai Yuwen was the first professional manager to join the board of Wanhe Electric, marking a significant step in the company's governance structure [7][9]. - Before joining Wanhe in 2022, Lai had nearly 10 years of experience at Midea, where he held various positions, demonstrating a strong background in management [10][11]. Group 3: Company Performance - Despite challenges in the kitchen appliance industry, Wanhe Electric reported revenue and net profit growth. For the first three quarters of 2025, the company achieved total revenue of 5.524 billion yuan, a year-on-year increase of 5.54%, and a net profit of 479 million yuan, up 5.57% [14][15]. - The growth is attributed to an increase in overseas market sales, with export revenue rising over 26% and accounting for more than 40% of total revenue [15].