Wang Fashun is also the chairman of Morgan Stanley's Southeast Asia business.
Lin Wenxing, chairman of the General Chuangyou Enterprise Cooperative, thanked Wang Fashun for taking on the leadership of Yingkang Insurance in the past seven years, and revealed that Wang Fashun will continue to serve as a director of General Chuangyou Enterprise.
The statement said that during his tenure, Wang Shunfa led the transformation of the General Yingkang Cooperative and entrepreneurship, and under his leadership, the General Yingkang Insurance withstood the test of the COVID-19 epidemic, successfully entrepreneurship the General Yingkang Insurance, and strengthened its digital capabilities.
Yingkang Insurance issued a statement on Monday (June 9) saying that Wang Fashun, who has joined the board of directors in 2018 and served as chairman in 2019, will not seek re-election at the annual shareholders' meeting held on June 24.
After seven years as a director, Yingkang Insurance Chairman Wang Fashun will not seek re-election at the coming annual shareholders' meeting, and Yingkang Insurance has also started to find a successor.
Lin Wenxing said: "He will guide the private equity portfolio of General Chuangyou Enterprise, leveraging his deep expertise, extensive network and firm commitment to create value for customers and shareholders."