Economic Observation Network Yingpu Precision has released an executive adjustment announcement, which is an internal shift in focus and will strengthen the layout of its aviation technology business.

On July 1st, the company announced that Ms. Zhu Liwei resigned as an executive director and member of the Sustainable Development Committee to focus on the business of the Aviation Technology Division. At the same time, Mr. Zhang Yongfeng, who was trained internally, was appointed as the successor The announcement clearly states that there is no disagreement with the board of directors and it is an internal adjustment of work focus.

Executive changes:
Executive changes are often seen as uncertain events by the market, especially when stock prices are relatively high (closing price of HKD 7.8 on July 2, a significant increase from the year low of HKD 2.81) It is easy to trigger profit taking.

This change is actually a signal to strengthen the aviation technology business. Zhu Liwei continues to serve as the co CEO of the aviation technology subsidiary, and the subsidiary has recently completed an employee stock ownership plan aimed at motivating core talents This reflects the company's strategic inclination towards high growth, high barrier aviation and high-end manufacturing businesses.

The above content is based on publicly available information and does not constitute investment advice.