COFC: Zong Wenfeng resigns as chairman

On April 28, COFC announced that the company's chairman, Zong Wenfeng, applied to resign from the positions of chairman, director, and other roles due to reaching retirement age. After resigning, he will no longer hold any position in the company, and the resignation will take effect from the date it is delivered to the company's board of directors. To ensure the smooth operation of the company's board and business decision-making, all directors jointly elected Director and General Manager Ye Shaohua to perform the duties of chairman, director, board special committee, and legal representative on behalf of the company. The term of the delegated duties will last from the date of the election until the day a new chairman is elected by the board