Fangzheng Technology announced that on July 20, Chen Hongliang resigned as president due to work arrangements and continued as chairman. He held 4.06 million shares of the company and had unfulfilled public promises. On July 21, the company held a board meeting and agreed to appoint Zheng Lei as president, Wang Ruigang and Zhang Weihua as vice presidents until the end of the 13th board of directors. Wang Ruigang and Zhang Weihua held 2,066,400 shares and 3.9364 million shares of the company respectively.

Fangzheng Technology announced that on July 20, Chen Hongliang resigned as president due to work arrangements and continued as chairman. He held 4.06 million shares of the company and had unfulfilled public promises. On July 21, the company held a board meeting and agreed to appoint Zheng Lei as president, Wang Ruigang and Zhang Weihua as vice presidents until the end of the 13th board of directors. Wang Ruigang and Zhang Weihua held 2,066,400 shares and 3.9364 million shares of the company respectively.