Leadership Turmoil! Executives at Multiple LED Lighting Companies Change

Recently, the LED lighting industry has witnessed a wave of intensive executive changes, from chip giants to power supply manufacturers, from CEOs to finance personnel. Many core management positions have been adjusted, attracting widespread market attention.

Mao Shuo Power

On March 23, Mao Shuo Power announced that its board of directors approved the 'Proposal on Electing the Chairman of the Company'. The board of Mao Shuo Power unanimously agreed to elect Cui Peng as the chairman of the sixth board. In addition, according to the 'Articles of Association' of Mao Shuo Power, the chairman serves as the legal representative of the company. Therefore, the legal representative of Mao Shuo Power has changed from Fu Liang to Cui Peng.

The resume shows that Cui Peng was born in 1973 and currently holds positions such as Deputy Secretary of the Party Committee, Director, and Chairman of the Trade Union at Jinan Industry Development Investment Group Co., Ltd., as well as Director of Mao Shuo Power, and Party Branch Secretary of Chanfa Mao Shuo Power Technology Co., Ltd.

It is reported that on March 6, Moshuo Power issued an announcement stating that Chairman Fu Liang applied to resign from his positions as director, chairman, member of the Strategic Committee, member of the Technology Committee, and legal representative due to work-related changes. After resignation, he will no longer hold any other position at Moshuo Power. Fu Liang assumed the role of Chairman of Moshuo Power starting May 29, 2025.

Fu Liang, male, born in 1982, holds a Master's degree in Business Administration from Tsinghua University. Since March 2023, he has served as a member of the Party General Branch Committee, Director, and General Manager of Jinan Industrial Development Technology Group Co., Ltd.; since February 2024, he has been a Director of Moshuo Power Technology Co., Ltd.; on May 29, 2025, Fu Liang was elected as Chairman of the Sixth Board of Directors of Moshuo Power.

Moshuo Power is mainly engaged in the research, development, production, sales, and technical services of switching power supplies, committed to providing customers with high-quality, cost-effective LED driver / power supply and consumer electronics power solutions.

Fengshang Culture

Recently, Fengshang Culture announced that its fourth board of directors' fifteenth meeting approved the 'Proposal on Dismissing the Company's Deputy General Manager'.

Fengshang Culture stated that, based on the needs of the company's operation and management work, and after approval by the Board Nomination Committee, the Board of Directors decided to dismiss Mr. Li Yan from his position as Deputy General Manager. Mr. Li Yan's original term was set to expire on August 1, 2027. This dismissal takes effect from the date the Board of Directors approves it. After being dismissed, Mr. Li Yan will no longer hold any position in the company.

The company stated that as of the date of this announcement, Mr. Li Yan holds no shares in the company and there are no commitments that should have been fulfilled but remain unfulfilled. This dismissal is based on the needs of the company's operation and management work, representing an optimization and adjustment of the senior management team, and will not affect the company's normal operations.

The resume shows that Li Yan, born in 1982, has served as Visual Director of Fengshang Culture Group Co., Ltd. and General Manager of Beijing Fengshang Interactive Entertainment Technology Co., Ltd. since September 2019; since May 2024, he has been appointed as Deputy General Manager of Fengshang Culture.

Data shows that Fengshang Culture's main businesses include creative, design, and production services for large-scale cultural performance events, creative, design, and production services for cultural tourism performances, and creative, design, and production services for landscape art lighting and performances. Among these, landscape art lighting and performance creative, design, and production services serve the vast urban landscape art lighting market and the high-end landscape light art performance market. The company leverages advanced technical experience accumulated over many years, integrating the historical and cultural backgrounds, natural landscapes, and city characteristics of various cities, using buildings, mountains, forests, water bodies, etc., as specific carriers to provide creative, design, and production services for artistic lighting, dynamic light shows, light projection shows, and more.

Sanan Optoelectronics

On March 23, Sanan Optoelectronics announced in a statement that the board of directors recently received a written resignation from Xie Hao, a director and vice chairman. He is resigning from his positions as director and vice chairman due to work requirements; after resignation, Xie Hao will no longer hold any position in the company or its holding subsidiaries.

The resume shows that Xie Hao, male, born in 1981, holds a bachelor's degree and is an economist. He has previously worked at Qingdao Hisense Communication Co., Ltd., Bank of Communications Zhuhai Branch, Zhuhua Investment Holding Group Co., Ltd., and other enterprises.

On March 20, Sanan Optoelectronics announced that the Board of Directors of Sanan Optoelectronics agreed to elect Hu Zhengran as Vice Chairman of the Company's 6th Board of Directors, with a term ending on the expiration date of the Company's 6th Board of Directors.

Hu Zhengran, male, born in 1988, holds a bachelor's degree. Since 2009, he has held positions at Bank of Communications Co., Ltd. Zhuhai Branch, Zhuhai Huafa Investment Holding Group Co., Ltd., Zhuhai Huafa Industrial Co., Ltd., and Zhuhai Huajin Capital Co., Ltd., among others. He currently serves as Vice President of Zhuhai Huafa Technology Industry Group Co., Ltd. and Vice Chairman of Zhuhai Ocean Development Group Co., Ltd.

Sanan Optoelectronics is a global leader in LED chips and advanced semiconductor solutions, with main businesses covering the research, development, production, and sales of LED chips, LED epitaxial wafers, sapphire substrates, and third-generation semiconductor compound GaN power electronic devices.

Tongfang Youyou

Recently, Tongfang Youyou Holdings Limited (stock abbreviation: Tongfang Youyou) issued an announcement titled 'Change of President and Resignation of Chief Executive Officer', stating that Ms. Zhang Yuanyuan has submitted her resignation as President and Chief Executive Officer due to work arrangements, effective from March 10.

Following the submission of the above resignation, Zhang Yuanyuan will continue to serve as an executive director of Tongfang Youyou, as well as a member of the Remuneration Committee, Nomination Committee, and Risk Management and Compliance Committee, and one of the legal representatives.

The resume shows that Zhang Yuanyuan, female, graduated from Dongbei University of Finance and Economics in 1999 with a Bachelor's degree in Law, obtained a Master's degree in Law in 2002, and has extensive experience in capital operations, legal affairs, financial management, and investment management. Since May 2016, Zhang Yuanyuan has held various senior management positions at Tsinghua Tongfang (600100) and its subsidiaries. Starting August 2024, Zhang Yuanyuan serves as President and Chief Executive Officer of Tongfang Youyou.

At the same time, Tongfang Youyou also announced the next president. According to the "Announcement", starting March 10, Lian Chenwei was appointed as President of Tongfang Youyou. Lian Chenwei has been an executive director of Tongfang Youyou and a member of the Risk Management and Compliance Committee, and will remain in this position.

Lian Chenwei, male, obtained a Bachelor's degree in Economics from Renmin University of China in 2003, a Master's degree in Management Science and Engineering from East China University of Science and Technology in 2011, and a Master's degree in Accounting from the Chinese University of Hong Kong in 2018. He has extensive experience in investment management, business planning, legal affairs, and scientific research. In 2022 and 2023, Lian Chenwei was respectively appointed as Vice President and Executive Director of Tongfang Youyou.

Tongfang Youyou, founded in 2006, is a listed company on the Hong Kong Stock Exchange. Its main business involves the manufacturing and sales of LED decorative lights, incandescent decorative lights, stage lights, and LED lighting luminaires, among other products.

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In addition, adjustments have also been made to key positions in several other companies. For instance, on March 3, Wei Xiao, the CFO of ST Mingjiahui, resigned for personal reasons. This change occurred shortly after the company completed a change in its actual controller. In January this year, due to the execution of the reorganization plan, Wu Liqun became the new actual controller and chairman of the company, while Cheng Zhiwen, the son of the original actual controller, was appointed as president. On March 24, following the nomination by President Cheng Zhiwen, the Nomination Committee of the Board of Directors of ST Mingjiahui reviewed the qualifications, and the Board agreed to appoint Zhao Genzhi as Vice President, in charge of the daily work of the company's Audit Department. On March 25, Dongshan Precision's Board of Directors appointed Li Ting Wei (Li Tingwei), who holds Dutch nationality, as Deputy General Manager. Li Tingwei is a Ph.D. in Physics from Leiden University. His joining is regarded by the industry as a move by Dongshan Precision to strengthen its international technical talent reserve in precision manufacturing and optoelectronics.

This wave of frequent executive changes is not accidental; it reflects the common challenges and strategic choices facing the LED lighting industry in 2026.

For example, the industry is currently in a 'double squeeze' phase of technological iteration and cost pressure. On one hand, new technology directions such as Mini/Micro LED, smart lighting, and healthy light environments require companies to increase R&D investment and market expansion; on the other hand, raw material price fluctuations and intensifying market competition continue to squeeze profit margins. Companies need to adjust their management teams by introducing leaders with greater strategic vision or operational efficiency to break through these bottlenecks.

Furthermore, 'generational transition' and professional governance have become trends. Some changes reflect the optimization of corporate governance structures, such as adjustments at Moshuo Power and Huacan Optoelectronics involving personnel appointed by shareholders. Meanwhile, the 'second-generation lamp' succession at ST Mingjiahui (Cheng Zhiwen, son of the original actual controller) also reflects that some private enterprises are completing intergenerational inheritance.

The recent wave of executive changes in the LED lighting industry is both an inevitable result of industry development and a new variable injected into the future of the industry. Driven by technological innovation and market competition, the LED lighting industry is undergoing profound transformation, and adjustments to the executive team will directly impact corporate strategic direction and market competitiveness, warranting continued attention.

Source material: Da Lighting, announcements, compiled and organized