Beauty Farm Medical and Health Industry Inc. announced Mr. Zhai Feng (Mr. Zhai) has tendered his resignation from the office of a non-executive director and as a member of the remuneration committee of the board (remuneration committee) with effect on August 27, 2024. Mr. Zhai resigned from his position in order to devote more time to pursue his other business engagements and has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company (the Shareholders) and The Stock Exchange of Hong Kong Limited (the Stock Exchange). The board announced that following Mr. Zhai's resignation, the board appointed Mr. Hu Tenghe (Mr. Hu') as a non-executive director and as a member of the remuneration committee with effect from August 27, 2024.
Mr. Hu, aged 52, has been the managing director of the Consumer Research and Investment Department at CPE (CPE) since 2008. He has accumulated more than 20 years of practical experience in capital markets and investment. Before his involvement in private equity investments, Mr. Hu had 11 years of experience in the securities industry, including as an executive director of CITIC Securities Company Limited, and presided over the issuance and sponsor work of stocks, corporate bonds, convertible bonds and funds.
Mr. Hu obtained his bachelor's degree in philosophy from the Hangzhou University (currently known as Zhejiang University) in 1995, and he further obtained his master's degree in economics from Renmin University of China in 1998. He obtained his executive master of business administration from the China Europe International Business School in 2011.
