Guosheng Securities Co., Ltd. announced on August 31, 2026, that the eleventh meeting of the company's fifth board of directors reviewed and approved the appointment of Mr. Zhao Xiaoxiao and Mr. Zhang Heng as deputy general managers of the company, with terms lasting until the end of the fifth board of directors. At the same time, for personal reasons, Mr. Tang Wenfeng resigned from his positions as compliance director and chief risk officer. After his resignation, he no longer holds any position in the company or its controlled subsidiaries, and he does not hold any company shares. Before new compliance director and chief risk officer appointments are made, director and general manager Mr. Zhao Jingliang will perform the relevant duties on an acting basis for no more than six months. Mr. Zhao Xiaoxiao, born in 1982, holds a master's degree in economics and previously served as deputy general manager of the fixed income department at CITIC Securities and the bond sales and trading headquarters at Bohai Securities. Mr. Zhang Heng, born in 1987, previously held management positions in digital finance departments and branch companies at multiple securities firms including Huatai Securities and Changjiang Securities. Neither of them holds company shares, and neither has any related-party relationship with shareholders holding more than five percent of the company or with other directors and senior executives of the company.
Guosheng Financial Holding IncManagement changes announced; impact on company unclear.
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