According to a report from the Wisdom Financial News APP, Tai United Hold (00718) announced that Mr. Zheng Yuchun needs to allocate more time to his personal affairs and other business responsibilities. He has resigned from the positions of executive director and CEO of the company, as well as the authorized representative required by the Listing Rules of the Hong Kong Stock Exchange Limited and the Company Regulations (Chapter 622 of the Laws of Hong Kong), effective at the end of the upcoming shareholder annual meeting in October 2024.

Mr. Wang Hong Fang has informed the board of directors that in order to allocate more time to his personal affairs and other business responsibilities, he will no longer seek re-election at the shareholder annual meeting. Therefore, Mr. Wang Hong Fang will no longer serve as the company's executive director, chairman of the board, and CEO, effective at the end of the shareholder annual meeting.

Executive Director Mr. Su Shigong has been appointed to replace Mr. Wang Hong Fang as chairman of the board, while Executive Director Ms. Yang Yuhua has been appointed to replace Mr. Wang Hong Fang as the company's CEO and to replace Mr. Zheng Yuchun as the authorized representative, effective at the end of the shareholder annual meeting.