Su Hua, chairman of Kuaishou, will resign, and CEO Cheng Yixiao will hold the post at the same time.

CTOnews.com October 20 news, Kuaishou Technology announced that Suhua resigned as chairman, with CEO Cheng Yixiao as part-time. The adjustment will take effect on October 29, 2023.

On the evening of October 20, Kuaishou Technology announced in an announcement on the Hong Kong Stock Exchange that as of October 29, 2023, Suhua will no longer serve as chairman of the board of directors and will continue to serve as executive director and member of the remuneration committee. its different voting rights will not change.

Suhua said that it will continue to be committed to creating long-term value for the group and believes that the group has a solid foundation to achieve its strategic goals.

CTOnews.com found that two years ago, on October 29, Kuaishou announced that Suhua and Cheng Yixiao had adjusted their division of labor. Suhua resigned as CEO and continued to serve as chairman, executive director and member of the compensation committee, responsible for formulating the company's long-term strategy. Cheng Yixiao became CEO, responsible for the company's day-to-day operations and business development.