On February 26, Ctrip Group announced a series of board changes, which will take effect from February 25, 2026. Fan Min, the company's co-founder, resigned as director and president of the company, and Ji Qi, the other co-founder, also resigned as a director of the company.
Fan Min
Ji Qi
Ctrip said that as the company's co-founders, Fan Min and Ji Qi have made fundamental and immeasurable contributions to the company's founding, growth and success. The board of directors expresses its sincere gratitude to their vision, outstanding leadership and dedicated service over the years.
At the same time, the company announced the appointment of Ms. Wu Yihong and Ms. Xiao Yang as new independent directors. This appointment is designed to maintain the diversity of expertise and innovative perspectives on the Board. Wu Yihong currently serves as an independent director of many listed companies such as MakeMyTrip, Alibaba Health, Swire Properties and Noah Holdings. He once served as the chief strategy officer and chief financial officer of Home Inns Hotel Group. Xiao Yang previously worked at Capital International Investors, Principal Global Investors and Ping An Asset Management Co., Ltd. as an investment analyst and portfolio manager.
In addition, Lee Ki-bae has been appointed as a member of the remuneration committee of the board of directors. According to the company's articles of association, Wu Yihong and Xiao Yang's terms will last until the company's next annual general meeting, at which time they will be eligible to stand for re-election.
Fan Min and Ji Qi, who resigned this time, co-founded Ctrip with Liang Jianzhang and Shen Nanpeng in 1999. The four are known as the "Ctrip Four Gentlemen". The resignation of the two founding veterans from the board of directors means that the company's core management has entered a new round of iteration.