---
title: "Refractory fiber leader LYEM suddenly dismisses 3 management personnel, performance continues to be under pressure"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/250719086.md"
description: "LYEM announced the dismissal of three management personnel on the evening of July 28, including Chief Financial Officer Yao Yonghua, Deputy General Manager Yuan Yi, and Head of the Audit Department Li Feng. This move is extremely rare in the A-share market. The reasons for the dismissals were not detailed, only stating that it was based on the company's development needs. Since last year, LYEM's management has undergone frequent changes, with core executives resigning one after another, indicating that the company is facing ongoing performance pressure"
datetime: "2025-07-30T06:38:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/250719086.md)
  - [en](https://longbridge.com/en/news/250719086.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/250719086.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/250719086.md) | [繁體中文](https://longbridge.com/zh-HK/news/250719086.md)


# Refractory fiber leader LYEM suddenly dismisses 3 management personnel, performance continues to be under pressure

On the evening of July 28, LuYang Energy, a leading listed company in the domestic refractory fiber industry, announced the dismissal of three management personnel, namely financial head Yao Yonghua, who was in charge of finance, human resources, and auditing, deputy general manager Yuan Yi, and head of the auditing department Li Feng. The dismissal of key personnel in three major positions is extremely rare in the A-share market, and this news quickly sparked heated discussions in the market. Regarding the reasons for the dismissals, the announcement only vaguely stated that it was based on the company's development needs and a comprehensive consideration of various factors. A reporter from Every Day Capital Eye called the board secretary office of LuYang Energy, and relevant staff stated that the general situation is as described in the announcement, without further elaboration on the issue. The reporter from Every Day Capital Eye noted that the company has experienced frequent management changes since last year. For example, in April last year, the company's director and deputy general manager Lu Xiaokun, deputy general managers Zheng Weijin, Ma Zhongjun, Zhao Shengxiang, and board secretary Liu Zhaohong consecutively resigned from their positions. These individuals were all veteran core executives with ten to over twenty years of service in the company. In November last year, Qin Xiaoxin resigned from the position of general manager, having served for less than two years; in April this year, Tang Yuan resigned from the position of deputy general manager, with a tenure of less than a year

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