Group 1 - Shanxi Securities announced the resignation of Qiao Junfeng and Yan Xiaohua from their executive roles due to age reasons, with Qiao remaining as an employee director and vice general manager of Shanxi Securities Asset Management Co., Ltd. and Yan continuing as a supervisor at Shanxi Securities Asset Management [1][2] - Yan Xiaohua has been with Shanxi Securities since April 1997, holding various positions including chief risk officer from August 2021 to April 2025, while Qiao Junfeng joined in November 1994 and has held multiple senior roles [2] - The new chief risk officer is Tang Jianxiong, who has nearly 30 years of experience at Shanxi Securities [2] Group 2 - In the first quarter of 2025, Shanxi Securities reported operating revenue of 752 million yuan, a year-on-year increase of 19.15%, and a net profit attributable to shareholders of 250 million yuan, up 57.39% from the previous year [3] - The brokerage and investment banking business saw net income from fees increase by 44.32% and 58.14% respectively, while the asset management business experienced a significant decline in net income from fees, dropping 63.71% to 19 million yuan [3][4] - The decline in asset management performance was attributed to poor market conditions, with several funds under Shanxi Securities Asset Management reporting negative net value growth rates in the first quarter of 2025 [4]