Group 1 - Standard Chartered Securities (China) has appointed Wang Yunlai as the new CEO, responsible for overall management and reporting to the board [1] - The CEO position was vacant for nearly four months following the departure of the previous CEO, CFO, and other key executives [1] - Wang Yunlai has over 20 years of experience in the financial market, with a background in securities, asset management, and banking [1] Group 2 - Standard Chartered Group remains optimistic about the long-term development of the Chinese economy and market opportunities [2] - Wang Yunlai is recognized for his international and local experience, particularly in the fixed income sector, and is expected to drive growth for Standard Chartered Securities [2] - Standard Chartered Securities was the first wholly foreign-owned brokerage approved after the lifting of foreign ownership limits in 2020, with a registered capital of RMB 1.05 billion [2] Group 3 - In its first year of operations, Standard Chartered Securities reported revenues of RMB 20.5 million, with a net loss of RMB 78.1 million [2] - The company has accelerated its business expansion, opening its first branch in Shanghai in January 2025 [3] - Standard Chartered Securities has successfully facilitated financing projects for Haier Leasing, showcasing its competitive advantage in fixed income products [3]