Breaking! Two listed LED companies' deputy general managers have changed

Recently, two well-known companies in the LED lighting industry, Lixing and Chenfeng Technology, have both experienced executive-level personnel changes: one appointment and one resignation.

Lextar appoints Vice General Manager

近日，立达信披露《关于聘任高级管理人员的公告》称，根据公司经营管理需要，经公司总经理李江淮先生提名，第三届董事会提名委员会2026年第一次会议进行任职资格审核，公司董事会同意聘任郑连勇先生、洪波先生为公司副总经理，任期自本次董事会审议通过之日起至第三届董事会任期届满之日止。

The announcement states that, upon verification, the aforementioned individuals possess relevant professional knowledge and work experience, are capable of meeting the requirements of their respective positions, do not fall under any circumstances stipulated as disqualifying for senior management roles in companies, and have no major records of dishonesty or other adverse history. They comply with legal regulations and the qualification requirements set by the Shanghai Stock Exchange.

It is worth mentioning that the two vice presidents appointed by Lextar in this instance, Zheng Lianyong and Hong Bo, were both promoted from within.

The resume shows that Zheng Lianyong, born in 1975, holds Chinese nationality and a master's degree. He previously served as HR Head of Oriental Dragon Group, HR Head of Golden Dragon Limousine, Senior HR Director at Lextar Electronics, and currently serves as Director and Deputy General Manager of Lextar Electronics. He holds 28,000 shares of Lextar Electronics.

洪波，1976年生，中国国籍，本科学历，曾任联想移动通信科技有限公司制造经理，漳州立达信绿色照明有限公司IoT事业部制造总监、制造事业部总经理，立达信代工事业部副总经理、总经理，现任立达信副总经理，其未持有立达信股份。

资料显示，立达信主营业务是照明业务和物联网（IoT）业务。公司的主要产品是照明产品及配件、IOT产品及配件、其他产品。公司以智能照明为起点进入物联网领域，产品和服务覆盖家庭、企业及多元场景，逐步构建万物互联的智能世界。

In 2025, Lextar Electronics achieved revenue of 6.868 billion yuan, a year-on-year increase of 0.90%; net profit attributable to shareholders of the listed company was 209 million yuan, a year-on-year decrease of 50.09%.

In Q1 2026, Lide Xin achieved revenue of approximately 1.477 billion yuan and net profit attributable to shareholders of the listed company of approximately 19.8802 million yuan.

公司近年来持续推进自有品牌建设。2025年自有品牌业务实现营收8.78亿元，在主营业务收入中占比12.95%。2025年，海外品牌以跨境电商渠道加大力度拓展市场；中国品牌则重点打造高端原创设计灯具品牌“立达信一灯一世界”及专注护眼健康的“立达信”品牌；公司将在教育照明领域沉淀的“护眼技术”延伸至家居场景，推出智能护眼灯、大路灯等产品，广受消费者认可。

Wei Yiji, Deputy General Manager of Chenfeng Technology, has resigned

On April 21, Chenfeng Technology released the "Announcement on the Resignation of Company Directors and Senior Executives," stating that the Board of Directors recently received a letter of resignation submitted by Wei Yiji, Director and Deputy General Manager.

Wei Yiji has applied to resign from his positions as Director, Deputy General Manager, and member of the Strategic Committee at Chenfeng Technology due to personal career planning reasons. After resignation, he will hold no position in Chenfeng Technology. The effective date of departure is April 19, 2026, while the original term expiration date was October 10, 2027.

It is worth mentioning that Wei Yiji, born in the 1990s, is a typical 'second-generation entrepreneur' and previously served as General Manager of Chenfeng Technology. In 2023, due to the transfer of company control from the He Wenjian family (the original actual controller) to Ding Min, He Wenjian resigned from his position as General Manager. During this transition period, Wei Yiji was entrusted with critical responsibilities and temporarily assumed the duties of General Manager, a tenure lasting approximately four months, until the new management team took office.

The current actual controller, chairman, and general manager of Chenfeng Technology is Ding Min .

The resume shows that Wei Yiji, male, born in 1990, is a mid-level engineer. From 2013 to November 2015, Wei Yiji served as Assistant General Manager of Zhejiang Chenfeng Technology Co., Ltd.; from November 2015 to April 2018, he served as Director of the R&D Center and Director of Chenfeng Technology; from April 2018 to April 2023, he served as Director and Deputy General Manager of Chenfeng Technology; from April 2023 to August 2023, he served as Director and General Manager of Chenfeng Technology; from September 2023 to April 2026, he serves as Director and Deputy General Manager of Chenfeng Technology.

The announcement states that Mr. Wei Yiji's resignation did not cause the number of members on the company's board of directors to fall below the statutory minimum, and will not affect the normal operation of the board. His letter of resignation takes effect from the date it is delivered to the board of directors. "During his tenure at the company, Mr. Wei Yiji fulfilled his duties diligently and responsibly, playing an important role in the company's standardized operations and high-quality development. The board of directors expresses its sincere gratitude for his contributions and efforts!" Chenfeng Technology stated.

As of the date of disclosure of this announcement, Mr. Wei Yiji holds 6,323,368 shares of the company. It should be noted that the "Announcement" mentions that Mr. Wei Yiji's outstanding public commitments are: "Starting from the date when Haining Jingqiu Investment Co., Ltd. transfers its 33,800,381 shares to Ding Min and completes the transfer registration, I commit not to seek control of the company in any way, and will not assist others in seeking control of the company through any means such as voting rights entrustment or concerted action. However, after Ding Min reduces his shareholding and voluntarily relinquishes control, I am no longer bound by this commitment." This commitment is valid indefinitely.

Chenfeng Technology's main business includes the R&D, production, and sales of lighting structural components, as well as the development and operation of incremental distribution networks, wind power, photovoltaic, and energy storage power stations. The company has long been deeply engaged in the fields of green energy saving and new energy power services, forming a mature and stable business pattern with dual main businesses operating in parallel and synergistically: 'lighting structural component manufacturing + comprehensive new energy power services'.

Company's 2025 annual revenue was 1.129 billion yuan, a year-on-year (YoY) decrease of 10.78%; net profit attributable to the parent company was 22.0422 million yuan, a year-on-year (YoY) increase of 173.96%; adjusted net profit attributable to the parent company showed a loss of 11.41 million yuan. The decrease in main business revenue and costs was mainly due to the disposal of subsidiary Hongyi Electronics in the lighting sector, leading to reduced sales of printed circuit boards, as well as reduced sales of LED bulb heat sinks, lamp cap/holder products, and luminaire metal parts in the lighting sector.

Recently, the LED lighting industry has witnessed a wave of executive changes. In addition to the two companies mentioned above, many other enterprises have seen intensive adjustments in core positions such as chairman, general manager, and chief financial officer. Is this normal turnover or abnormal change? What are the reasons? What does this reflect behind the scenes regarding executive changes? Listen to Lao Hong from China Light Network for his insights.