According to the Zhitong Finance App, Baosar Development (01069) announced that Gu Sutong and Huang Kaiying will retire from the board of directors after the annual general meeting of shareholders. Since the resolution on re-election of Li Wenjun, Xu Qing, and Li Ziyan as executive directors was rejected at the annual general meeting of shareholders, the board of directors announced that Li Wenjun, Xu Qing, and Li Ziyan will each retire as executive directors at the end of the annual general meeting of shareholders. Since the resolution on re-election of Liu Zhaoxiang as an independent non-executive director was rejected at the annual general meeting of shareholders, the board of directors announced that Lau Siu-cheung will retire as an independent non-executive director at the end of the AGM.

Following Li Wenjun's resignation as executive director, the board of directors announced that Li Wenjun had resigned as CEO of the company, and Chen Weilong had been appointed as CEO, effective November 21, 2023.

Since Resolution No. 6 on the renewal of the appointment of Zhongzheng Tianheng Certified Public Accountants Co., Ltd. as the company's auditor was not passed at the Annual General Meeting of Shareholders, Zhongzheng Tianheng Accountants Co., Ltd. has retired as an auditor of the company, effective from the end of the Annual General Meeting of Shareholders.