VC HOLDINGS: Zhang Li has been appointed as an executive director
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VC HOLDINGS announced that Zhang Li will be appointed as Executive Director and Chairman of the Board starting from October 2, 2025. Fu Yaowen will no longer serve as Chairman of the Board but will continue as Executive Director. At the same time, Zhang Li will also serve as Chairman of the Executive Committee, and Fu Yaowen will continue as a member of the Executive Committee. In addition, Zhang Li will succeed Fu Yaowen as the company's authorized representative
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