Hengan International Reassigns Veteran Executive Xu Wenmo to Non-Executive Board Role
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Hengan International Group Co has proposed to reassign Xu Wenmo from executive director to non-executive director, effective after his re-election on May 18, 2026. Xu, with over 37 years of experience in consumer products, will receive an annual director’s fee of HK$60,000. This change reflects a shift from daily executive duties while maintaining his strategic involvement and aligning his interests with shareholders. The current analyst rating for Hengan International stock (HK:1044) is a Hold with a price target of HK$26.00.
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