On August 1, Nuoan Fund issued an announcement stating that the chairman of the company was changed from Li Qiang to Xia Yu. Nuoan Fund stated that the new chairman's appointment was a normal personnel adjustment and did not affect the company's overall strategic direction and normal operation of its products.

On August 1, Nuoan Fund issued an announcement stating that the chairman of the company was changed from Li Qiang to Xia Yu. Nuoan Fund stated that the new chairman's appointment was a normal personnel adjustment and did not affect the company's overall strategic direction and normal operation of its products.