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Meihua International Medical (TASE:BLWV) Technologies Co., Ltd. (NASDAQ:MHUA) announced a series of executive and board changes that took effect Friday, according to a statement based on a recent SEC filing.
On Friday, Xin Wang resigned as chief executive officer and as a member of the board of directors for personal reasons. The company stated that his resignation was not due to any disagreement regarding operations, policies or practices. On the same day, Lianzhang Zhao resigned as chief financial officer, and Huijuan Zhao resigned from the board, both also citing personal reasons unrelated to disagreements with the company.
The board of directors appointed Leyi Lee as the new CEO and board member, Shilong Liao as CFO, and Anna Colin as an independent director. The company said Ms. Colin meets the independence requirements under Nasdaq Stock Market LLC rules and will serve as chair of the Compensation Committee, and as a member of both the Audit Committee and the Nominating and Corporate Governance Committee.
Ms. Lee previously served as Director of Sales at DeepMind Health from February 2024 to August 2025, and held management roles at Mindray Medical International and SenseTime. She holds a master’s degree in business administration from The Hong Kong Polytechnic University and a bachelor’s degree from The Hang Seng University of Hong Kong. Her annual compensation as CEO and director will be $60,000.
Mr. Liao most recently served as CFO of Jing Guang Da Limited and was previously Finance Director at Siemens (ETR:SIEGn) Healthineers. He holds an accounting master’s degree from Shanghai University of Finance and Economics and a bachelor’s from Xiamen University. His annual compensation as CFO will be $48,000.
Ms. Colin is currently chief operating officer at Piper Sandler, and has held operations roles at Goldman Sachs and Morgan Stanley (NYSE:MS). She holds a master’s degree in finance from the London School of Economics and a bachelor’s from The Wharton School of the University of Pennsylvania. Her compensation as independent director will be $1,500 per month.
The company reported that there are no family relationships or arrangements between the new appointees and other officers or directors. This information is based on a press release statement from the company’s SEC filing.
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