Official announcement! Management changes at an LED Listed company

Management changes have once again occurred at an LED lighting listed company, reflecting the operational rhythms and development paths of two companies.

Qianzh照 Optoelectronics: Appoints Liu Zhao as President

On November 8, Xiamen Qianzh照 Optoelectronics Co., Ltd. (hereinafter referred to as “Qianzh照 Optoelectronics” or the “Company”) issued an announcement stating that the 26th meeting of the 6th Board of Directors reviewed and approved a proposal to appoint Liu Zhao as President, with a term from the date of approval by the Board until the expiration of the 6th Board’s term (October 27, 2027).

Previously, the Company had held a Workers’ Congress, which agreed to elect Mr. Liu Zhao as a worker representative director on the 6th Board of Directors. In addition, the Board also approved the supplementary election of Mr. Liu Zhao as a member of the Nomination and Remuneration Committee, the Strategic Development Committee, and the Environmental, Social, and Governance (ESG) Committee of the 6th Board, with terms beginning on the date of this Board’s approval and ending upon the expiration of the 6th Board’s term.

According to his resume, Mr. Liu Zhao is male, born in 1980. He previously served as Section Chief of the Epitaxy Department at Anhui Sanan Optoelectronics Co., Ltd. and Manager of the Epitaxy Department at Qianzh照 Optoelectronics. He currently holds the positions of President of Qianzh照 Optoelectronics, General Manager of Jiangxi Qianzh照 Optoelectronics Co., Ltd., and General Manager of Jiangxi Qianzh照 Semiconductor Technology Co., Ltd. As of the date of this announcement, Mr. Liu Zhao holds 1,273,975 shares of the Company, and he has no affiliations with shareholders holding more than 5% of the Company’s shares, other directors, or senior management personnel.

In 2025, Mr. Liu Zhao’s compensation was RMB 1.2833 million.

It is reported that the former president, He Jian, had long worked within the Hisense system, joining the Company’s management team after Hisense Visual became the controlling shareholder of Qianzh照 Optoelectronics, and officially assuming the roles of Director and General Manager (President) on October 28, 2024. On October 27, Qianzh照 Optoelectronics announced that He Jian resigned from his positions as President and worker representative director due to personal reasons, but will continue to serve within the Company following his resignation.

According to the Q3 2026 report, Hisense Visual holds 26.19% of Qianzh照 Optoelectronics’ shares, making it the controlling shareholder; Qingdao Hisense Communications holds 0.78%. The two entities act in concert, with their combined shareholding approaching 27%.

From a governance perspective, the appointment of an internally-trained technical executive as president reflects a shift in Hisense Visual’s management approach following its acquisition of control.

In terms of performance, the Company achieved revenue of RMB 1.383 billion in the first three quarters, down 49.70% year-on-year, mainly because gold-containing waste materials were no longer sold, leading to corresponding declines in both revenue and cost of sales for the period; net profit attributable to owners of the parent company was RMB 92.7608 million, up slightly by 5.47% year-on-year, while net profit attributable to owners of the parent company excluding non-recurring items was only RMB 1.7068 million, down 95.58% year-on-year. Additionally, the Company set aside impairment provisions totaling RMB 56.4925 million for January–September 2026.

Roman Shares: Appoints Xiao Wenkai as Deputy General Manager

On October 29, Roman Shares announced that the 16th meeting of the 5th Board of Directors was held and approved a relevant proposal. Based on the Company’s operational and management needs, following nomination by the General Manager and review by the Nomination Committee, the Board approved the appointment of Mr. Xiao Wenkai as Deputy General Manager, with a term from the date of Board approval until the expiration of the 5th Board’s term.

According to his resume, Xiao Wenkai is male, born in May 1979, a senior engineer with a master’s degree. From March 2004 to June 2006, he worked at Ricoh Software Technology (Shanghai) Co., Ltd. as a senior programmer and project manager; from June 2006 to September 2013, he worked at Shenneng Corporation as deputy head and then head of the Information Center; from September 2013 to January 2017, he served as manager of the Comprehensive Management Department at Shanghai Shenneng Chongming Power Generation Co., Ltd.; from February 2017 to December 2022, he worked at Shenneng (Group) Co., Ltd. as head and deputy head of the Science and Technology Innovation Center; from January 2023 to December 2024, he served as chairman and general manager of Shanghai Yunzhicheng Digital Technology Co., Ltd.; starting in January 2025, he joined Shanghai Roman Technology Co., Ltd., where he currently serves as Chief Technology Officer and Deputy General Manager.

On August 29, Roman Shares stated that, due to personal reasons, Ms. Zhang Chen resigned from her positions as non-independent director, member of the Remuneration and Assessment Committee, and deputy general manager. Following her resignation, she will no longer hold any positions in the Company or its subsidiaries. In addition, the Company has appointed several other deputy general managers.

In the first three quarters, Roman Shares achieved total operating revenue of RMB 1.470 billion, up 100.81% year-on-year; net profit attributable to owners of the parent company was RMB 101 million, up 379.68% year-on-year; net profit attributable to owners of the parent company excluding non-recurring items was RMB 89.7236 million, up 362.87% year-on-year.

Roman Shares centers on landscape lighting design and engineering construction. In recent years, leveraging industrial policy opportunities, it has continuously optimized its strategic layout and business structure, aligning with the trends of the digital economy, artificial intelligence, and green energy industries. It has now established four core business segments—urban lighting, AI computing power, digital smart energy, and digital cultural entertainment—that develop synergistically, completing its transformation from an engineering construction firm to a provider of technical services and comprehensive solutions, successfully creating second and third growth curves.

In September 2025, Roman Shares acquired a 39.23% stake in Wutong High-Tech for RMB 196 million in cash, officially entering the AI computing power sector. Recently, its controlled subsidiary, Shanghai Wutongshu High-Tech Co., Ltd., signed two contracts for computing equipment totaling approximately RMB 588 million.