XT.com Group Holding announced changes to its senior management team. Mr. Teng Zu has resigned from his position as the chief executive officer or CEO due to personal reasons ..Mr. Zu’s resignation did not result from any disagreement with the Company. In addition, the board of directors of the Company appointed Mr. Zu as the vice chairman of the Board. Mr. Zu will remain with the Company as a director and the vice chairman of the Board. Following this transition, the Board has appointed Mr. Xiaoyan Lu, the Company’s director, founder, and chairman of the Board, to serve as the CEO of the Company, effective November 26. Mr. Lu will continue his role as chairman of the Board. Additionally, the Board has appointed Mr. Yazhou Wu, the Company’s chief technology officer CTO to the additional role of chief operating officer or COO In this expanded capacity, Mr. Wu will oversee the Company’s overall operational management while continuing his technology leadership role. l
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