Core Viewpoint - The resignation of the executive director and chairman of Chuanglian Holdings, Lu Xing, is linked to his desire to focus on personal business development, and it follows a criminal case involving bribery related to the company's past [1][9]. Company Overview - Chuanglian Holdings Limited (02371.HK) has been experiencing continuous losses since the 2023 fiscal year, with a reported revenue of 655 million RMB for the fiscal year ending June 30, 2025, a decrease of 21% year-on-year [9]. - The company operates primarily in education consulting and financial services, with approximately 76% of its revenue coming from financial services and 24% from education services [9]. - As of the end of the reporting period, the company had over 800 million RMB in cash and bank balances, with total borrowings of approximately 13.35 million RMB [10]. Recent Developments - Lu Xing, who has been with the company since December 2014, is also known for his involvement in a bribery case where he allegedly provided significant stock and cash to a retired official [1][5]. - The company has established a network of branches in nearly 10 provinces in China, including major cities like Shanghai and Guangdong, through its subsidiary, Beijing Zhongjin Insurance Brokerage Co., Ltd. [9]. - Chuanglian Holdings has over 800 million paid users across its educational platforms, which have provided training to over 80 million individuals in recent years [10].