On July 29, Tongling announced that the board of directors of the company had recently received the resignation report submitted by Mr. Gu Hongyu, the chief financial officer of the company. Mr. Gu Hongyu resigned from the post of chief financial officer of the company for personal reasons, and his original term of office ended on the expiration date of the fifth board of directors.
In order to ensure the smooth and orderly operation of the company's financial management, the board of directors of Tongling Co., Ltd. agreed that Mr. Yan Rongfei, the chairman of the company, would act as the chief financial officer before the company appointed a new chief financial officer.