Core Viewpoint - The unexpected resignation of Cao Dewang as chairman of Fuyao Glass has drawn significant attention, especially following his recent media interview discussing the responsibilities of entrepreneurs [2][3]. Group 1: Resignation Details - Cao Dewang announced his resignation from the chairman position of Fuyao Glass, which surprised many as he had just spoken about his commitment to the company [2][3]. - He clarified that his health is fine and that he wishes to enjoy retirement, with management supporting his son, Cao Hui, as the successor [3]. - At 80 years old, Cao Dewang believes it is time for younger leadership to drive the company forward, emphasizing that stepping down would benefit Fuyao [3]. Group 2: Company Background and Achievements - Fuyao Glass, under Cao Dewang's leadership, has a remarkable history, starting from his acquisition of a local glass company in his 30s and achieving profitability in the same year [5][6]. - The company went public in the 1990s and began international expansion early, establishing factories in various countries, including the U.S. and Russia [6][7]. - Fuyao Glass reported a revenue of 33.302 billion yuan for the first three quarters of the year, a year-on-year increase of 17.62%, and a net profit of 7.064 billion yuan, up 28.93% [7]. Group 3: Philanthropy and Education Initiatives - Cao Dewang has shown a strong commitment to education, planning to invest 10 billion yuan in Fuyao University, which opened its doors to students this year [7][8]. - He has also made significant charitable contributions, reportedly donating over 12 billion yuan [9]. - The average monthly salary for Fuyao employees is around 10,000 yuan, with annual compensation per employee estimated at 189,000 yuan [8].