Dongfang Selection Announces Dong Yuhui’s Resignation

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 a senior management of a consolidated affiliated entity of the company. The departure is due to Dong Yuhui’s career ambitions, his commitment to his other careers and his personal time arrangements, and will take effect on July 25, 2024.

It is reported that in addition to paying Dong Yuhui all the promised benefits and compensation, the chairman of the board, Yu Minhong, has sought approval from the board and the board’s remuneration committee to distribute all the remaining undistributed profits of Youhui Xingxing 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 price of Dong Yuhui’s acquisition of Youhui Xingxing. In order to maintain the normal operation of Youhui Xingxing, the company will provide Youhui Xingxing with its self-developed information system free of charge.