Summary by Moomoo AI
FENG YI EDUCATION (CHINA FENG YEH EDUCATION GROUP CO., LTD.) ANNOUNCED THAT DUE TO AGE AND HEALTH REASONS, MS. ZHANG JINGXIA WILL STEP DOWN AS EXECUTIVE DIRECTOR AND CO-CHIEF FINANCIAL OFFICER ON MARCH 1, 2024, AND SIMULTANEOUSLY RESIGN FROM OTHER POSITIONS WITHIN THE GROUP. Ms. Zhang will continue to serve the Company as a Board Advisor and will receive an annual salary of RMB800,000 and a share option under the agreement. Mr. LIU Jinbo will be appointed Executive Director from Independent Non-Executive Director and assumed the position of Co-Chief Financial Officer effective 1 March 2024. Mr. Liu has over 26 years of accounting and auditing experience and has held senior positions in several well-known accounting firms. The Company is seeking the right person to fill the vacancy left by the appointment of Mr. Liu as an Independent Non-Executive Director and Chairman of the Audit Committee.