The Board of Pou Sheng International (Holdings) Limited further announced that Lee, Shao-Wu (Lee) will resign as the Chief Executive Officer with effect immediately after his election as Chairman becoming effective. The Board announced that Mr. Wang Jun ("Mr. Wang"), will be appointed as the acting Chief Executive Officer with effect from 1 July 2022. Mr. Wang, aged 53, is currently an executive vice general manager of the Group, in charge of Brand & Channel Development Division.

He is also a director of various subsidiaries of the Company. He joined the Group as a vice president, in charge of Brand and Merchandising Management Department in April 2014. Mr. Wang graduated from the Department of Marketing of the Capital University of Economics and Business in Beijing.

He has extensive experience and achievements in strategic planning, sales marketing, product branding and retail operation.