Substitute-Chairman-presiden

Today we share news about personnel changes in two listed companies.

Nationstar Optoelectronics appoints president and announces 2025 results

Recently, Nationstar Optoelectronics has issued a number of announcements involving executive personnel changes, 2025 annual report, etc.

The announcement shows that the 15th meeting of the sixth board of directors reviewed and approved the "Proposal on Appointing the President of the Company." Based on the company's operation and management needs, and after comprehensive consideration of the nominee's educational background, professional experience and professional qualities, and after review and approval by the nomination committee, the board of directors agreed to appoint Mr. Lin Peifeng as the company's president.

In addition, after the qualification review of the nomination committee of the company's board of directors, the board of directors agreed to by-elect Mr. Lin Peifeng as a non-independent director candidate for the company's sixth board of directors. At the same time, after review and approval at the shareholders' meeting, Mr. Lin Peifeng served as chairman of the risk management committee and member of the development strategy committee of the company's sixth board of directors. His term will be from the date of review and approval by the company's shareholders' meeting to the expiration of the company's sixth session of the board of directors.

The resume shows that Lin Peifeng, male, was born in 1977. He graduated from South China University of Technology majoring in electronics and information technology. He has successively served as deputy director and director of the Party Committee Office of Guangdong Guangsheng Holding Group Co., Ltd., deputy secretary of the party committee, director and labor union chairman of Dongjiang Environmental Protection Co., Ltd., member of the party committee and deputy general manager of Guangdong Electronic Information Industry Group Co., Ltd., and currently serves as deputy secretary of the party committee and president of Nationstar Optoelectronics.

Before the appointment of Lin Peifeng as the new president, the position of president of Nationstar Optoelectronics had been vacant for half a year. In September 2025, Director and President Liu Zhengdong submitted a written resignation report. Due to job transfer, Liu Zhengdong applied to resign from his position as Director and President of the company. After his resignation, Liu Zhengdong will no longer hold other positions at Nationstar Optoelectronics. It is reported that Liu Zhengdong will serve as the president of Nationstar Optoelectronics from July 22, 2024.

Another announcement from Nationstar Optoelectronics showed that Wei Bin, the executive vice president of Nationstar Optoelectronics, recently applied to resign from his position as executive vice president due to adjustments in work arrangements. After resigning from the position, Wei Bin continued to serve as a party committee member, chief economist and other positions in Nationstar Optoelectronics. It is reported that Wei Bin will serve as the executive vice president of Nationstar Optoelectronics from January 19, 2024.

In addition, the latest financial report shows that Nationstar Optoelectronics will achieve operating income of 3.281 billion yuan in 2025, a year-on-year decrease of 5.51%; net profit attributable to the parent company is -12.9935 million yuan, a year-on-year decrease of 125.22%. This is the first annual loss in 16 years since it went public in 2010.

Nationstar Optoelectronics explained in its annual report that in 2025, the industry will be subject to multiple pressures such as rising rigid costs, high raw material prices, and intensified market competition. The overall development will be under pressure, resulting in short-term pressure on the company's main business, and operating performance will be adjusted in stages.

Based on single-quarter data, Nationstar Optoelectronics’ losses were mainly concentrated in the fourth quarter. In the fourth quarter, the company's operating income was 782 million yuan, a year-on-year decrease of 0.37%; the net profit attributable to the parent company was -44.1113 million yuan, a year-on-year decrease of 190.58%.

In terms of products, the revenue of LED packaging and component products, which is the core main business, was 2.317 billion yuan, a year-on-year decrease of 7.63%; the revenue of trade and application products was 541 million yuan, a year-on-year decrease of 8.99%; the revenue of epitaxy and chip products also fell by 6.34% year-on-year. Only the integrated circuit packaging and testing business achieved a year-on-year growth of 8.84%, but its revenue scale was small.

At the same time, Nationstar Optoelectronics stated that the company has worked hard to tap increments in subdivided areas, and emerging businesses have achieved rapid growth and gradually become the company's new growth engine. During the reporting period, the company's display and control modules, automotive LED, smart sensing and other businesses have steadily expanded and achieved varying degrees of growth.

During the reporting period, the company focused on industrial expansion and capital operation synergy, promoted the optimization and upgrading of industrial layout, consolidated and developed the three pillar businesses of high-definition display, optoelectronic sensing, and display control modules, cultivated and expanded the two emerging businesses of automotive electronics and advanced semiconductor packaging and testing, and made every effort to build a "3+2" modern industrial system.

Major personnel changes in Greer

On April 9, Greer announced a change of office. The "Announcement" shows that Greer's board of directors reviewed and approved on March 20: the election of Mr. Chen Kehuang as the company's chairman, Ms. Zhu Jing as the company's vice chairman, the appointment of Ms. Zhu Jing as the company's general manager, Mr. Hou Guanghui as the company's deputy general manager, Ms. Du Rui as the company's financial controller, and Mr. Xu Dezhi as the company's board secretary. The term of office is three years, effective from April 8.

Glier also appointed Ms. Zhu Caiyun as the head of the company's internal audit department, Ms. Shao Zhulin as the company's securities affairs representative, and elected Mr. Zhu Haijian as the company's employee representative director, with a term of three years, effective from April 8.

In addition, the meeting reviewed and approved relevant proposals to change the company's legal representative from the original chairman Mr. Zhu Congli to the new chairman Mr. Chen Kehuang.

The original Greer Chairman Zhu Congli, Vice Chairman Ma Chengxian, Deputy General Manager Sun Jing, Secretary of the Board of Directors Shao Zhulin, Finance Director Xu Dezhi, Securities Affairs Representative Zhu Yueyue, and Internal Audit Department Head Xia Qing all resigned due to the change of office, and most of them continued to hold other positions.

The resume shows that Chen Kehuang, male, was born in June 1977. From June 1997 to June 2004, he worked at the Soil Management Office of Daxihe Town; from June 2004 to November 2005, he worked at the Soil Management Office of Zaoxiang Town; from November 2005 to December 2012, he served as deputy director of the Office of Fengyang County Pension Insurance Center and Fengyang County Human Resources and Social Security Bureau; from December 2012 to 2019 In February, he served as deputy director of Fengyang County Finance Office; from February 2019 to March 2020, he served as a member of the Party Leadership Group and deputy director of Fengyang County Public Resources Trading Center; from October 2015 to April 2020, he served as chairman of Fengyang County Zhongdu Financing Guarantee Co., Ltd.; from May 2020 to March 2024, he served as chairman of Fengyang County Zhongdu Financing Guarantee Co., Ltd.; from April 2024 From September to present, he serves as the general manager of Fengyang County Haozhou Investment Group Co., Ltd.

Zhu Jing, female, born in November 1983, has been a director of Greer International Co., Ltd. from September 2012 to the present; from May 2013 to the present, the general manager of Greer International Co., Ltd.; from September 2019 to the present, a director of Greer Digital Technology Co., Ltd.; from March 2020 to May 2024, the deputy general manager of Greer Digital Technology Co., Ltd.; from May 2024 From August 2025 to present, he serves as the general manager of Greer Digital Technology Co., Ltd.; from August 2025 to present, he serves as the director of Huizhou Greer Technology Co., Ltd.

Du Rui, female, born in May 1996. From November 2017 to May 2022, he worked as a staff member of the Non-Tax Revenue Management Bureau of Fengyang County Finance Bureau; from June 2022 to February 2024, he served as the deputy manager of the Finance Department of Zhongda Quartz Development Group Co., Ltd.; from February 2024 to July 2025, he served as an employee of the Finance Department of Fengyang Mingdu Quartz Industry Investment Co., Ltd. from August 2025 to March 2026. In September, he served as deputy manager of the financial department of Fengyang Mingdu Quartz Industry Investment Co., Ltd.

Glier said that this election change complies with the relevant provisions of the Company Law, the Beijing Stock Exchange Stock Listing Rules and the Articles of Association, meets the requirements of the company’s normal development, and will not have an adverse impact on the company’s production and operating activities.

It is worth mentioning that the above-mentioned change of Greer’s position is related to the change of its controlling shareholder and actual controller.

In January this year, the actual controller and shareholders of Greer signed a share transfer and voting rights waiver agreement with Fengyang County Xiaogang Yuecheng Industrial Investment Partnership, a subsidiary of Xiaogang Industrial Investment. The latter planned to transfer 16.4775 million shares for no more than 476 million yuan. After the change is completed, Yuecheng Partnership will become the largest shareholder and controlling shareholder with the largest number of voting rights in the company, and the actual controller of Greer will be changed from Zhu Congli and Zhao Xiujuan to Fengyang County Finance Bureau.

Glier, a company listed on the Beijing Stock Exchange, has continued to make breakthroughs in new energy-related businesses in recent years. Its magnetic device products have successfully entered the core energy storage supply chain, forming a natural complement to the advanced photovoltaic and new energy storage industries that are being developed in Chuzhou, Anhui. Therefore, the Fengyang County State-owned Assets Supervision and Administration Commission has approved the acquisition of Greer by a company affiliated with Xiaogang Industrial Investment, becoming the first case of county-level state-owned assets acquisition by the Beijing Stock Exchange.

According to data, Greer is a national high-tech enterprise and a specialized new enterprise, and its business layout is highly consistent with Fengyang's industrial ecology. The company is deeply engaged in the fields of smart LED lighting and new energy magnetic devices, and has established high-end innovation platforms such as academician workstations and postdoctoral workstations. Its core products include photovoltaic inverter magnetic devices, AI computing power supply components, smart lighting systems, etc., and has leading technical advantages in server power supplies, energy storage converters and other fields.

In terms of business layout, Greer has achieved deep collaboration in lighting and magnetic device businesses. Lighting products have expanded from single LED lamps to full-scenario solutions, which are sold overseas; magnetic devices are widely used in high-growth fields such as new energy power generation, 5G communications, and industrial control, injecting continuous momentum into the company's green transformation.

The company introduced third-generation semiconductor materials into LED packaging, reducing production energy consumption by more than 30%; the high-frequency and low-loss magnetic devices developed by the company increased the conversion efficiency of the new energy power generation system to 98%.