4=2+2! Haitong Asset Management's board once again shows a "fifty-fifty" split, with undercurrents of personnel changes brewing beneath the surface

Recently, Haitong Asset Management announced changes in its board of directors. After multiple changes, the board of directors of Haitong Asset Management now has 4 members, half of whom are old "Haitong" personnel, and half are newcomers this year. It is worth mentioning that the two new members from the first half of the year also hold important positions in both Guotai Junan Asset Management and Haitong Asset Management. This may indicate the possibility of the two asset management institutions working as "one chessboard." Board Changes Exceeding Fifty Percent Recently, Haitong Asset Management announced that, according to the relevant provisions of the "Measures for the Administration of Information Disclosure of Publicly Raised Securities Investment Funds," the situation of the company's directors changing by more than fifty percent in the last 12 months is as follows. Since 2025, after multiple reviews and approvals by the company's shareholders, the board of directors of Haitong Asset Management has been adjusted to: Tao Geng, Wu Shukun, Zhang Shaohua, and Ye Ming. The company has filed the aforementioned board changes with the regulatory authorities. Comparing with a prospectus from June 2025, it is found that the old "Haitong" member Wu Guohua is no longer a member of the board of directors of Haitong Asset Management, which may have become the "last straw" triggering the announcement of the board member adjustment. Half Old "Haitong" Among the current 4 members of the board of directors of Haitong Asset Management, two are still old "Haitong" personnel. Wu Shukun holds a doctorate in management and has been engaged in securities work for 24 years. He joined Haitong Securities in November 2001 and has successively served as assistant director of the research institute, deputy general manager of the institutional business department, deputy general manager (acting) of the corporate and private client department, and general manager of the corporate finance department. He is currently the co-general manager of the strategic development department of Guotai Haitong Securities, co-director of the digital transformation office, director of Haitong Hengxin International Financial Leasing Company, director of Haifutong Fund, and director of Haitong Asset Management. Zhang Shaohua has been engaged in securities work for 29 years. He joined Haitong Securities in June 1996 and has successively served as assistant general manager of the planning and finance department, deputy general manager of the planning and finance department, deputy general manager of the capital management headquarters, and deputy general manager (acting) of the capital management headquarters. He is currently the general manager of the asset-liability department of Guotai Haitong Securities, director of Haitong Futures Company, director of Haitong Hengxin International Financial Leasing Company, and director of Haitong Asset Management. New Directors All Come from Guotai Junan Asset Management The other two members hold positions in both Guotai Junan Asset Management and Haitong Asset Management. One is Tao Geng, who took over as chairman from Lu Ying in April 2025. Tao Geng has served as a staff member at the Bank of China and the People's Bank of China, and has held positions such as director of the institution department at the Shanghai Regulatory Bureau of the China Securities Regulatory Commission, deputy director of the second institution supervision department, director of the fund supervision department, and office director, as well as general manager of Everbright Pramerica Fund Management Co., Ltd. He is currently the party secretary, chairman, president, and financial officer of Guotai Junan Asset Management, as well as chairman of Haitong Asset Management. The other is Ye Ming, who was newly appointed as deputy general manager (acting) in April 2025. Ye Ming joined the original Guotai Securities in July 1995 and joined Guotai Junan Securities in July 1999, serving successively as deputy manager of the planning and finance department, assistant general manager of the capital clearing headquarters, and deputy general manager of the operations center Since August 2010, he has joined Guotai Junan Asset Management Company, serving successively as Operations Director and General Manager of the Operations Department, Board Secretary, Acting Compliance Director, Compliance Director, Chief Risk Officer, Chief Operating Officer (COO), and Financial Responsible Person. He is currently the Vice President, Chief Information Officer (acting), Chief Marketing Officer of Guotai Junan Asset Management Company, and concurrently serves as General Manager of the Wealth Management Department, General Manager of the Institutional Corporate Client Department, General Manager of the Southern Branch, and Deputy General Manager of Haitong Asset Management (acting). Risk Warning and Disclaimer The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk