Core Viewpoint - The passing of Xie Yingqiu, a significant figure in Yanjiang Co., has raised concerns about the company's future leadership and governance structure [1][4]. Company Overview - Yanjiang Co. is a specialized supplier of disposable hygiene product surface materials, with key products including PE perforated film, 3D perforated non-woven fabric, hot air non-woven fabric, and ADL drainage layers [5]. - As of the third quarter of this year, the company reported a revenue of 1.295 billion yuan, representing a year-on-year growth of 23%, and a net profit attributable to shareholders of 43 million yuan, up 28% year-on-year [5]. Leadership Changes - Xie Yingqiu held 18.553 million shares, accounting for 5.58% of the total share capital, and served as a director and vice president, contributing significantly to the company's strategic planning and development since its inception [4]. - Following Xie's death, the board of directors will reduce to 8 members, which remains compliant with the minimum requirements set by the Company Law of the People's Republic of China [4]. Current Operations - The company's production and operational activities are reported to be normal, with the board and management team committed to maintaining steady development [5].