
Fu Yu Group fires CEO Xiao Junhao: involved in serious breach of contract and misconduct
On November 1st, Fu Yu, a precision injection molding and plastic parts manufacturer, announced on the Singapore Exchange that it had terminated CEO Xiao Junhao on October 31st due to serious breaches of contract and misconduct. At the same time, Xiao Junhao has ceased to serve as a director of the company and all its subsidiaries and affiliated entities. Xiao Junhao joined the company in 2021 and became CEO in September 2022. Fu Yu stated that before appointing a new executive director and group CEO, the company will establish a new operational committee to oversee all operational matters of the group during the transition period. The committee members consist of five general managers and deputy general managers from the company's manufacturing plants located in Johor, Penang, Suzhou, Dongguan, and Zhuhai, as well as Singapore

