On the afternoon of November 24, Liu Jipeng, dean of the Institute of Capital Finance of China University of political Science and Law, responded to the resignation of Dong Dong of Wanrun shares. He said it was a coincidence to resign and would not be a deserter at a critical moment. Liu Jipeng said that there are two reasons for his resignation. One is that he is 65 years old and has been dean of the School of Business and the Dean of the Institute of Capital Finance at China University of political Science and Law since 2016. He also resigned as dean of the business school this year. Second, in line with the purpose of training young teachers in the college, in May this year, he recommended Song Xin, chairman of China Energy Saving and Environmental Protection Group, which is the majority shareholder of Wanrun shares, to Guo Yinglai, director of the Department of Industry and Commerce of the Business School of China University of political Science and Law, to replace him as the sole director of Wanrun shares. According to public data, Guo Ying is a professor and doctoral supervisor of China University of political Science and Law, majoring in technological innovation management, innovation economics, bibliometrics, innovation path, and science and technology policy. Liu Jipeng said that next, he may continue to resign as an independent director of other companies, and he wants to give more opportunities for training and challenges to young professors, while he himself focuses on issues such as the governance structure of listed companies and the revitalization of capital markets. According to the statistics of the Securities Times, as of 2020, Liu Jipeng served as independent directors of five listed companies, namely China Minsheng Banking Corp, Changan Automobile, Wanrun shares, CICC Gold and Energy Saving Guozhen.