
Chen Zhi holds shares in KHOON GROUP, and Hong Weikun and Hong Guoguang have respectively resigned as Chairman and CEO

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KHOON GROUP announced that Hong Weikun resigned as Chairman of the Board and Executive Director, and Hong Guoguang resigned as CEO and Executive Director. Jiang Caiying was appointed as Executive Director, Fang Lihua as Independent Non-Executive Director, Su Zijia as Chairman of the Audit Committee, and Huo Weixiong as Chairman of the Nomination Committee. This change occurs against the backdrop of Chen Zhiyin being prosecuted by multiple countries for telecommunications fraud and money laundering, along with asset freezes
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