Official Announcement: Executive Changes at Three Well-Known Lighting Companies!

Recently, companies such as Igor, Forya Helia, and Feilo Audio have initiated senior-level adjustments.

He was promoted to General Manager of Igor

On November 14, Igor announced a series of important personnel changes. The announcement shows that, after deliberation by all directors of Igor, it was agreed to elect Xiao Juncheng as Chairman of the Seventh Board of Directors , with a term of three years, from the date this board meeting is approved until the end of the Seventh Board's term. Upon nomination by the Chairman, Zhao Nannan was appointed as General Manager of Igor , and Liang Lunshang as Secretary of the Board. Upon nomination by the General Manager, Wu Yuhui, Liu Jingyuan, Guo Shiguang, Chen Liang, and Huang Huijie were appointed as Deputy General Managers of Igor, and Chen Lijun as Financial Officer of Igor.

▲ Igor General Manager Zhao Nannan

Data shows that Zhao Nannan, male, born in 1982, Chinese national, with no permanent residence rights abroad, holds a master's degree and is a senior engineer. Zhao Nannan joined Igor since 2007 and has held positions such as Sales Director, Deputy General Manager of Sales, General Manager of the Human Resources Center, and General Manager of the Marketing Center. He is an elite representative cultivated within Igor. Since December 2019, Zhao Nannan has served as Deputy General Manager of Igor.

Data shows that Igor, founded in 1999 and listed on the stock exchange in 2017, focuses on the R&D, production, and sales of power supplies and power components for industrial and consumer applications. Its products are widely used in photovoltaic power generation, industrial control, and lighting sectors, with a commitment to becoming a leading innovative technology enterprise providing products, solutions, and services to the global market.

Regarding performance, in the first three quarters of 2025, Igor achieved revenue of approximately 3.808 billion yuan, a year-on-year increase of 17.32%; net profit attributable to shareholders of the listed company was approximately 178 million yuan, a year-on-year decrease of 15.14%. In 2024, Igor achieved revenue of approximately 4.639 billion yuan, a year-on-year increase of 27.78%; net profit attributable to shareholders of the listed company was approximately 293 million yuan, a year-on-year increase of 39.75%.

Fureya Haila welcomes a new captain

国际汽车零部件供应商佛瑞亚海拉也抛出重磅人事公告。其股东委员会决定任命近期曾担任采埃孚集团董事会成员的Peter Laier博士为首席执行官。Laier博士将于2026年2月15日起正式履职。

Before Dr. Laier takes office, Bernard Schäferbarthold will continue to serve as CEO.

▲Dr. Peter Laier

Dr. Wolfgang Ziebart, Chairman of the Shareholder Committee of the company, stated: "Dr. Laier will bring a broad global perspective and strategic thinking to Fyrus Hella, along with highly relevant expertise for conducting business and seeking growth in Fyrus Hella's markets."

Dr. Peter Laier stated: "Freya Hera is widely acclaimed for its high-quality innovative products in the fields of electronics, lighting, and lifecycle solutions, thanks to top talent from numerous markets worldwide. I am delighted to collaborate with Freya Hera's employees to further accelerate the company's success in existing markets and explore new markets and opportunities."

Data shows that Forvia Hella focuses on high-performance automotive lighting and automotive electronics.

据悉，2022年，德国汽车照明巨头海拉（Hella）宣布与法国汽车零部件供应商佛吉亚（Faurecia）签署了协议，双方正式合并。2023年初，佛吉亚与海拉联合宣布新集团命名为FORVIA。海拉表示，海拉和佛吉亚均已经是各自领域的全球市场领导者。在业务合并之后，海拉和佛吉亚将成为全球第七大汽车零部件供应商。在FORVIA下，两家公司将保留其法定名称佛吉亚集团和海拉有限双合股份公司。他们将在母名称FORVIA下进行沟通交流。产品将继续以其现有品牌进行营销和分销。

The 2024 financial report shows that Forvia Hella's sales, adjusted for exchange rates, increased slightly by 1.3% to €8.1 billion; due to factors such as insufficient production capacity utilization, revenue fell to €446 million, with an operating profit margin of 5.6%.

Among them, the lighting division's sales grew year-on-year (YoY) by 2.8% to reach €4 billion, accounting for nearly half of the group's total sales. This was mainly due to the full financial consolidation of the Beijing Hainachuan Hella headlight joint venture. In addition, the launch of new headlamp and taillamp projects drove a slight growth in the lighting business in the Americas region. However, revenue declined slightly to €126 million (same period last year: €132 million).

Feilo Acoustics Female Chairman Resigns

On November 4, Flying Audio announced that the company's board of directors recently received a resignation letter submitted by Ms. Zhang Lihong, Chairman of the Board, Ms. Zhang Lihong requested to resign from her positions as Chairman and Director of the Company's 13th Board of Directors, Chairperson and Member of the Board Strategy Committee, Legal Representative, etc., due to work adjustments, the resignation became effective on November 3.

The announcement indicates that after Zhang Lihong resigns, she will no longer hold any position in Flying Audio or its holding subsidiaries. Her originally scheduled term was set to expire on May 26, 2027. Furthermore, Zhang Lihong has completed the handover of duties in accordance with relevant regulations. Her resignation will not affect the normal operation of Flying Audio's Board of Directors, nor will it impact the smooth functioning of Flying Audio's management and operational activities.

▲Zhang Lihong, former Chairman of Feilo Acoustics

Data shows that Zhang Lihong, female, has successively served at Shenergy Co., Ltd., Shanghai Development and Planning Commission, and Shanghai Development and Reform Commission. She previously served as Deputy General Manager of Shanghai Information Investment Co., Ltd. Since October 29, 2024, Zhang Lihong has been appointed Chairman of Feilo Acoustics and currently serves as Vice President of Shanghai Electric (Group) Corporation.

Feilo Acoustics stated that during Ms. Zhang Lihong's tenure as Chairman of the Board, she was diligent and responsible, fulfilled her duties conscientiously, promoted improvements in the company's corporate governance standards, continuously enhanced profitability, and laid a solid foundation for the company's high-quality development. The company and its Board of Directors express their sincere gratitude to Ms. Zhang Lihong for her hard work and significant contributions during her tenure.

In addition, to ensure the company's normal operations, Feilo Acoustics convened its 13th Board of Directors' 10th meeting on November 3rd, which approved the relevant proposals: The board of Feilo Acoustics appointed Director and General Manager Jin Fan to act as Chairman and Legal Representative. The term of acting duties shall commence from the date this Board meeting approves the proposal and end on the date when the new Chairman's appointment takes effect.

Data shows that Jin Fan, male, formerly served as Real Estate Management Manager and Assistant General Manager of the Market Development Department at Shanghai Electric (Group) Co., Ltd., and as Assistant General Manager and Director at Huaxin Real Estate (Group) Co., Ltd., while also serving as Party Secretary and General Manager of Shanghai Huaxin Property Management Consulting Co., Ltd. Since May 27, 2024, Jin Fan has been appointed as Director and General Manager of Shanghai Feilo Acoustics Co., Ltd.

Feilo Acoustics, founded in 1984, is the first joint-stock listed enterprise in New China. Its core businesses currently include smart hardware products, industrial intelligent solutions, and inspection and testing services. The smart hardware product segment covers automotive lighting, module packaging, automotive electronics and electrical systems, chip testing services, and precision metal component manufacturing.

Regarding performance, in the first three quarters of this year, Fly Audio achieved revenue of approximately 1.343 billion yuan, a year-on-year (YoY) decline of 3.74%; net profit attributable to shareholders of the listed company was approximately 35.49 million yuan, a year-on-year (YoY) increase of 40.16%.

For enterprises, adjustments in management are a key measure to respond to industry changes: Igor's internal promotions ensure strategic continuity and facilitate seizing domestic policy dividends; Valeo Hella's global executive appointments aid in integrating international resources to compete in the global smart automotive lighting market; Feilo Acoustics' smooth transition provides a model for state-owned enterprises exploring market-oriented transformation paths. However, where the new captains will steer the giant ship and what impact this will have on the enterprise remain unknown; the chain reaction triggered by personnel changes has only just begun.