Core Viewpoint - The stock of Rongsheng Environmental Protection (603165.SH) dropped 5.34% to 11 CNY per share following the announcement of the detention of its controlling shareholder, Feng Ronghua, due to personal reasons, although the company stated that this matter does not affect its operations [2][4]. Group 1: Company Announcement - Rongsheng Environmental Protection announced that it received a notification regarding Feng Ronghua's detention, clarifying that it is a personal matter unrelated to the company, and that daily operations remain normal [2]. - The company confirmed that Feng Ronghua is no longer in any position within the company and that appropriate arrangements have been made for related work [2]. - The company emphasized its sound governance structure and internal control mechanisms, stating that it will operate in accordance with relevant laws and regulations [2]. Group 2: Leadership Changes - On May 24, the board of directors received Feng Ronghua's resignation due to reaching the legal retirement age, which also resulted in his resignation as the legal representative of the company [4][5]. - Following his resignation, Feng Ronghua no longer holds any position within the company, and the board approved the election of Feng Shengyu as the new chairman and head of the strategic committee, while Zhang Yunhua was elected as a member of the audit committee [4][5]. - Feng Shengyu, born in 1992, has been with the company since 2018 and has held various positions, including sales manager and vice president [5]. Group 3: Company Background - Rongsheng Environmental Protection was established in 1980, transitioned from a collective enterprise in 1998, completed its shareholding reform in 2004, and was listed on the Shanghai Stock Exchange in 2017 [5]. - The company operates in five major sectors: ecological papermaking, environmental thermal power, green packaging, industrial investment, and new energy materials, with products including high-grade cardboard, corrugated paper, and functional cartons [5].