---
title: "BRIGHT SMART appoints Zheng Yanlan as CEO, and Xu Yibin is reassigned as Co-CEO"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282210592.md"
description: "BRIGHT SMART (1428) announced a senior management change, with Zheng Yanlan appointed as CEO and Xu Yibin reassigned as Co-CEO. Zheng Yanlan has an annual salary of HKD 2.76 million and receives a relocation allowance of HKD 33,000. Founder Ye Maolin stepped down as chairman, with Huang Hao from the Ant Group taking over. The company secretary and members of various committees have also been adjusted"
datetime: "2026-04-09T14:01:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282210592.md)
  - [en](https://longbridge.com/en/news/282210592.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282210592.md)
---

# BRIGHT SMART appoints Zheng Yanlan as CEO, and Xu Yibin is reassigned as Co-CEO

BRIGHT SMART (1428) has undergone a change in ownership, with Ant Group's executive director Zheng Yanlan appointed as the CEO, while the former CEO Xu Yibin will be reassigned as co-CEO. Zheng Yanlan will be responsible for overall management, while Xu Yibin will handle operational tasks as determined by the board of directors.

## Zheng Yanlan responsible for overall management, Xu Yibin responsible for operational tasks

BRIGHT SMART stated that Zheng Yanlan, appointed as CEO, is entitled to an annual compensation of HKD 2.76 million, but will not receive any additional compensation for her role as executive director; additionally, she is entitled to a one-time relocation allowance of HKD 33,000 in her first year of service. As for Xu Yibin, the terms of the company's existing service agreement will remain unchanged.

**Related News:** BRIGHT SMART, with a 31-year history, finally welcomes a sale, from the pioneer of commission wars to unable to compete with internet brokerages, Ant Group takes over with aspirations to challenge Futu.

## Ye Maolin steps down as chairman, Huang Hao takes over

In addition, BRIGHT SMART's founder Ye Maolin will step down from the chairman position, to be succeeded by Huang Hao, a non-executive director from Ant Group. The company's secretary, audit committee composition, nomination committee composition, and remuneration committee composition will also change due to member adjustments.

**Related News:** BRIGHT SMART officially acquired by Ant Group, major board reshuffle, Ye Maolin and others resign, Ant Group's overseas wealth management head joins

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