CITIC Securities recently announced the change of directors. According to the announcement, "On February 20th, 2009, Mr. Li Rucheng submitted his resignation to the board of directors of the company due to his busy business". "According to Article 1 14 of the Articles of Association, Li Rucheng's resignation will take effect when the resignation letter is delivered to the board of directors, that is, Li Rucheng will no longer serve as a director of the company on February 20, 2009."

Li Rucheng and his Youngor are gradually withdrawing from CITIC Securities? Does Youngor's recent move to reduce its shareholding in CITIC Securities indicate the future direction of the relationship between the two parties?

On February 5, 2009, CITIC Securities received a letter from Youngor about reducing its shareholding in CITIC Securities: As of the close of Shanghai Stock Exchange on February 4, 2009, Youngor had sold 654.38+75 billion shares of CITIC Securities, accounting for 3% of the total share capital of CITIC Securities, and still held 654.38+47 billion shares of unrestricted shares.

Before 165438+2008 10/2, CITIC Securities also received a letter from Youngor to reduce its shareholding in CITIC Securities: by June 2008 165438+ 10/0.

Another news from Youngor seems to provide evidence that Youngor is drifting away from CITIC Securities. The subject involved in this news is Shanghai Shikai Investment Management Co., Ltd.

It is understood that Shikai Investment was established on June 9, 2008 with a registered capital of 1 100 million yuan and its legal representative is Li Rucheng. From the business scope, Shikai Investment is mainly engaged in investment management, investment consulting, industrial investment, business consulting and enterprise management consulting.

On February 2, 2008, 65438, Youngor announced that the company hired related party Shikai Investment as an asset investment consulting agency to provide professional investment consulting services for the company. The company pays related consulting fees as agreed. Youngor said, "With the continuous appreciation of some early investments of the company and some explorations in the field of equity investment in recent years, the company has accumulated considerable financial assets, but it has not been managed by a professional team for a long time. Now the company employs a team with professional knowledge and rich operational experience to provide professional services for the company, which is conducive to further optimizing the company's asset allocation and realizing asset appreciation and preservation. "