Tingyi (Cayman Islands) Holding Corp. (TCYMF), an investment holding company mainly engaged in the production and distribution of instant noodles and beverages, on Thursday said it has appointed Wei Hong-Chen as chief executive officer, effective January 1, 2026.
Current CEO Chen Yinjang has decided to retire and will not renew his service contract. His contract as chief executive officer will expire on December 31, 2025.
Wei was appointed an executive director of the group on January 1, 2019. He has served as a director of KSF Beverage Holding Co., Ltd. (formerly Tingyi-Asahi Beverages Holding Co., Ltd.) since February 2015 and has been chairman since 2019.
As of the date of this announcement, Wei holds 5 million shares of the company and share options to subscribe for an additional 1.8 million shares.
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