Tianyancha App shows that recently, China South Publishing & Media Group (601098) underwent a commercial change, with Peng Bo stepping down as legal representative and chairman, replaced by He Lihui. At the same time, Liu Zhiyang resigned as a director, and was succeeded by Liao Shengqing. China South Publishing & Media Group Co., Ltd. was established in December 2008, with a registered capital of 1.796 billion RMB, jointly held by Hunan Publishing Investment Holdings Group Co., Ltd., Hong Kong Central Clearing Limited, Hunan Shengli Investment Co., Ltd., Soochow Securities (601555), and others. According to media reports, on September 19, China South Publishing & Media announced that on September 18, the company held the nineteenth meeting of the fifth board of directors, electing He Lihui as the chairman of the company.