According to Netease, recently there was news that Nezha Autos's CFO, Chen Rui, has recently resigned. Former Goldman Sachs (Asia) director, Pan Deng, has taken over and will be responsible for Nezha Autos's financial work. "This personnel adjustment is a normal change," said an insider from Nezha Autos on September 6. It is worth mentioning that this personnel change took place before Nezha Autos's Hong Kong IPO. Previously, Nezha Autos announced that it submitted an IPO application to the Hong Kong Stock Exchange on June 26, with CICC, Morgan Stanley, Citic Securities, BOCI, and CMBI as joint sponsors. A source close to Nezha Autos told reporters that this personnel change is expected to further drive Nezha Autos's IPO process.