Oriental Selection announced on the Hong Kong Stock Exchange that Dong Yuhui has decided to no longer serve as an employee of the company and the senior management of a consolidated affiliated entity of the company. The resignation is due to Dong Yuhui’s career ambitions, investment in his other businesses and personal time arrangements, and will be effective on July 25, 2024.
In addition, in addition to fully paying the promised benefits and compensation to Dong Yuhui, Yu Minhong, chairman of the board of directors, has sought approval from the board of directors and the remuneration committee of the board of directors to distribute all remaining undistributed profits of Peer to Dong Yuhui to Dong Yuhui. In addition, in accordance with the Listing Rules and the Company's Articles of Association, Yu Minhong has made arrangements for the settlement consideration for Dong Yuhui's acquisition of Hehui Peer. In order to maintain the normal operation of Hehui Peer, the company will provide self-developed information systems to Hehui Peer for free.