OneConnect Financial Names Chongfeng Shen As New CEO, Wangchun Ye To Continue As Chair

Wangchun Ye departed as the CEO of OneConnect Financial Technology Co Ltd OCFT for personal reasons. Ye will continue to serve as the chairman of the board and director.
Chongfeng Shen will succeed Ye as the CEO, effective immediately. OneConnect also elected Shen as a director.
Before joining the company, Shen worked at Kingdee Software (China) Co., Ltd, or Kingdee China.
Rui Li resigned as a director for personal reasons.
Ye’s and Li’s resignations were not a result of any company dispute.
Price Action: OCFT shares traded lower by 0.28% at $3.86 on the last check Friday.

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