La Natsu Bell'S Top Executives Change Again. Xing Xing Resigns And Yin Xinzai Takes Over.

A few days ago, La Natsu Bell issued a notice to change the president of the company.

According to the announcement, La Natsu Bell said that the board of directors of the company received Xing Jiaxing's resignation report in April 20, 2020, and Xing Jiaxing resigned from the company's president for personal reasons. His confirmation was not divided with the board of directors and there was nothing else to be concerned about the company's shareholders.

According to the relevant laws, regulations and the provisions of the articles of association, the resignation report shall come into effect on the service of the board of directors.

At the same time, the company held the forty-third meeting of the third session of the board of directors to consider and adopt the motion on the appointment of the president. After the board of directors nominated Committee's qualification examination, the Board agreed to appoint Yin Xinzai as the president of the company. The term of office is from the date of deliberation of the board of directors to the date of the third session of the board of directors.

La Natsu Bell believes that Yin Xinzai has more than twenty years of experience in the clothing industry, has rich market and management experience, is very familiar with the company's market sales and business mode, and its CEO is in line with the actual situation of the company's transformation and adjustment at this stage.

Prior to February 3rd, La Natsu Bell announced that Xing Xing Xing had resigned from the third board chairman and the board of directors Special Committee for personal reasons. He would no longer hold any post as a company after his resignation. All directors of the company unanimously elected the executive director and President Yu Qiang to perform their duties as chairman until the new chairman of the company was elected.

Then, in February 25th, La Natsu Bell issued a notice announcing that the board of directors received the resignation report of President Yu Qiang in February 25, 2020 and was approved by the board of directors Nomination Committee. The Board agreed to appoint Xing Jiaxing as the president of the company. The term of office is from the date of deliberation of the board of directors to the end of the current board of directors. Xing Xing Xing will take the responsibility of acting as the Secretary of the board of directors.

On the evening of March 30th, La Natsu Bell released an unaudited 2019 annual performance bulletin.

During the reporting period, La Natsu Bell realized operating income of 7 billion 640 million yuan, down 24.94% compared to the same period last year. The net profit attributable to shareholders of listed companies was -20.5 billion yuan, down 1186.39% from the same period last year, and gross profit was 6 billion 650 million yuan, down 33.96% from the same period last year.

Public information shows:

Yin Xin Tsai was born in 1971, with Chinese nationality and no foreign residency. EMBA, Xiamen University, is currently the senior vice president of the company.

Yin Xin Tsai worked in the Limited by Share Ltd from September 1998 to June 2012. He worked in Hangzhou nine Xuan Garments Co., Ltd. from June 2012 to May 2013, and has been the general manager, vice president and senior vice president of marketing and marketing department since August 2013.

As of the announcement date, Yin Xin Tsai did not directly hold shares in the company. Xing Jiaxing, a controlling shareholder and controller of Shanghai, holds 45204390 shares of the company, accounting for 8.25% of the total share capital of the company, and Yin Xin Tsai owns 0.44% of Shanghai's summer shares.