Group 1 - TCL Technology Group Co., Ltd. announced the appointment of Wang Cheng as the new CEO, effective immediately, while Li Dongsheng will continue as Chairman of the Board [2] - Wang Cheng has been with TCL for over 28 years, holding various management positions, including COO since August 2021 [2] - The leadership change is seen as a move towards modernizing corporate governance and reflects confidence in the current management team [3] Group 2 - TCL Technology expects a significant increase in net profit for 2025, projecting between 4.21 billion to 4.55 billion yuan, a year-on-year growth of 169% to 191% [3] - The net profit excluding non-recurring gains is forecasted to be between 2.89 billion to 3.20 billion yuan, representing a staggering increase of 869% to 973% year-on-year [3] - The growth is attributed to the cyclical recovery of the semiconductor display business, with TCL Huaxing benefiting from stabilized mainstream panel prices and enhanced profitability [3]