On June 28th after market close, 10 STAR Market companies announced changes in their board members, supervisors, executives, and core technical staff.

Specifically, ten STAR Market companies including Cambricon, Appotronics, Shenzhen Qingyi, Dongxin Stock, Hopechart, Chengdu HitGen, Luoyang Jianlong, and Nanfang Biological concentratedly issued an announcement that their directors, supervisors, senior management or core technical personnel resigned.

Among them, Cambricon announced that the company's board of directors recently received the written resignation report of director Liu Liqun, and he applied to resign from the second session of the board of directors and the compensation and appraisal committee of the second session of the board of directors of the company due to work reasons. After resignation, Liu Liqun will no longer serve in any position in the company.

According to the disclosure, Liu Liqun, 51 years old, had long been employed by China Hightech Investment Group. From 2016 to the present, he has been working as director-general of the investment firm called Guotou Chuangye Investment Management. As of the date of the announcement, Liu Liqun did not hold any shares of Cambricon.

The STAR Market Daily reported that among those ten companies, five involved the resignation of the core technical staff. Prudently processing the ownership of intellectual property during the period of service, commercial secret protection, and the handover of follow-up research and development work for key technical personnel has important significance for the continuous innovation and stable operation of technology companies.

Appotronics said that the company recently received the written resignation report of the core technical staff member Wang Lin, who applied to resign from the position of core technical staff member of the company due to personal reasons.

According to labor contract, confidentiality agreement, intellectual property agreement, non-competition agreement and other documents signed between Appotronics and Wang Lin, both parties have clearly agreed on matters such as confidentiality obligations and breach of contract liabilities about technical secrets and other business secrets. Therefore, there are no disputes or potential disputes involving job achievement and intellectual property among them. The resignation of the core technical personnel will not affect the integrity of the company's patents and other intellectual property.

Appotronics also stated that the work responsible by Wang Lin has been properly handed over, and his resignation will not have any adverse impact on the company's research and development capabilities, core competitiveness, or its continued business operations. "The company's existing R&D team structure is complete, and there is not a significant reliance on a single core technical personnel."

Shenzhen Qingyi announced that core technical staff member Hao Mingyi resigned from relevant positions of the subsidiary company due to personal reasons, and has completed the handover and resigned procedures. After his resignation, Hao Mingyi will no longer serve in any positions in the company or its subsidiaries.

Shenzhen Qingyi is a technology company mainly engaged in the research, design, production, and sales of photomasks. It is also one of the earliest and largest photomask manufacturing companies in China. According to the disclosure, Hao Mingyi, 50 years old, has been working at Qingyi for 25 years since July 1999 and has held various positions in the company, including the manager of the Shenzhen Qingyi microtechnology department since April 2023. The average annual salary of the company's R&D personnel in 2023 was 240,000 yuan.

Dongxin Stock also announced that its foreign core technical staff member Kang Tae Gyung resigned from the relevant positions in the company due to personal reasons. After his resignation, the company will hire him as a consultant to provide technical consulting services.

After the changes, there are now four core technical staff members in Dongxin Stock, of which two are foreigners. Haitong Securities, the sponsor institution, stated that the company's R&D personnel and core technical personnel are generally stable. Kang Tae Gyung has completed the handover of work, and his resignation will not have a significant impact on the company's technology research and development and production operations or its core competitiveness.

At present, more than 570 companies are listed on the STAR Market. According to a senior market source, dozens of changes in core technical personnel occur every year and they are regarded as normal staff turnover at present except for the large-scale exodus of technical staff in a few companies.

Chengdu HitGen and Luoyang Jianlong both announced the resignation of their supervisors.

Luoyang Jianlong stated that it recently received the resignation report of the non-staff representative supervisor of the fourth session of its board of supervisors, Li Tingting, who applied to resign from the position of supervisor of the fourth session of board of supervisors due to personal reasons. After resignation, Li Tingting will no longer serve in any position in the company.

On June 27, 2024, Hitgen Inc. announced that Hu Shaolin, the workers' representative supervisor of the Supervisory Board, submitted his resignation letter. Workers' representatives held a meeting and voted to elect Qu Qingxi as the supervisor of the second session of the Supervisory Board. According to his resume, Qu Qingxi has been working at Hitgen Inc. since July 2012 and currently serves as the Deputy Director of Chemistry.