Yusys Technologies announced on September 30 that its actual controller, chairman and general manager Hong Weidong passed away on September 29, 2026. The company held the sixteenth meeting of its fourth board of directors on the same day, electing co-founder, director and deputy general manager Wu Hong as chairman, and appointing her as general manager. Wu Hong does not directly or indirectly hold company shares and is the spouse of Hong Weidong. Hong Weidong was the founder of Yusys Technologies, born in September 1966, with a master's degree from Tsinghua University. He worked in the financial technology industry for more than thirty years and led the company to become one of the major players in the domestic banking IT solutions sector. The company said that the board of directors and senior management are performing their duties normally, the organizational structure and internal control mechanisms are sound, the management team is stable, daily operations are handled by the entire senior management team, and the company's operations are all normal. In the first half of this year, the company achieved revenue of 1.291 billion yuan, down 8.75 percent year on year, while net profit attributable to the parent company was 309 million yuan, up 40.34 percent year on year. As of the close on September 30, Yusys Technologies traded at 15.04 yuan per share, with a total market value of 10.589 billion yuan.
Yusys Technologies Co Ltd Class AFounder/chairman Hong Weidong passed away and his spouse Wu Hong took over as chairman and GM; leadership succession with no clear directional driver.
