Core Viewpoint - The company, Huakong Saige, announced significant changes in its leadership due to personnel adjustments at its controlling shareholder, Shenzhen Huarongtai Asset Management Co., Ltd. [1][3] Leadership Changes - Wei Bingzhang has resigned from his positions as Chairman, Director, and various committee roles, and will no longer hold any position in the company after his resignation [1][3] - Ding Qin has also resigned as the Board Secretary, and Pan Jinghui has stepped down as Deputy General Manager, with both no longer holding any positions post-resignation [3] - Qin Junping will temporarily assume the role of Board Secretary until a new appointment is made [3] New Appointments - The company has received a notification from its controlling shareholder regarding the personnel changes and will proceed with the election of a new Chairman and the appointment of senior management as per regulatory procedures [3] Company Background - Huakong Saige, established in 1997 and listed on the Shenzhen Stock Exchange under the stock code 000068, focuses on environmental protection and urban environmental governance [4] - The company has a registered capital of 1.007 billion yuan and serves as the capital operation platform for Tsinghua Holdings' energy-saving and environmental protection business [4] Financial Performance - In the first quarter of this year, Huakong Saige reported revenue of 136 million yuan, a year-on-year decrease of 20.98% [4] - The net profit attributable to shareholders was a loss of 17.3682 million yuan, an improvement from a loss of 23.6252 million yuan in the same period last year [4] Market Position - As of June 3, the company's stock price was 3.38 yuan, with a market capitalization of 3.4 billion yuan [5]