On the evening of April 9, Quanjude (002186) announced that Chairman Bao Min had reached the legal retirement age and applied to the company’s board of directors to resign from the position of director and chairman of the company. Before the election of the new chairman, the company will be replaced by director Lu Changcai as chairman of the board of directors.

According to the information disclosed in Quanjude ’s annual report, Bao Min was born in 1959 and served as deputy general manager of Beijing Hotel Management Company, deputy general manager and general manager of Xinqiao Hotel Co., Ltd. Manager, Secretary of the Party Committee, Deputy Secretary of the Party Committee, Director, General Manager of Changfu Palace Center Co., Ltd., Assistant to the General Manager of the BTG Group and Deputy Secretary of the Party Committee, Director, and General Manager of the Hotel Group, Assistant to the General Manager of the BTG Group and the First Brigade Chairman of the hotel group. He is currently the deputy general manager of BTG Group and chairman of BTG Property. Chairman of Quanjude since January 21, 2019.