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On July 26, Dongfang Zhenxuan announced the resignation of Dong Yuhui last night. At 3 pm today, Dongfang Zhenxuan held a shareholder communication conference call to provide shareholders and potential investors with information on the company's latest developments and answer questions.

New OrientalFounder and CEO of Oriental SelectionYu MinhongFirst of all, I apologized to the shareholders. "Two or three months ago, I said that the company's operations were in a mess. In my hometown, "in a mess" is actually a catchphrase, indicating that things are not done very well. This caused a certain fluctuation in the stock price. Thank you for your understanding."

It is worth noting that Yu Minhong said, "New Oriental will not hold any shares of Yuhui Tongxing at any time in the future. I want to make this clear." He also emphasized, "I personally will not participate in any capital operation, investment and development of Yuhui Tongxing in the future."

He believes that "this is a very good situation now. If everyone thinks that I am not qualified as the chairman, we can also choose a new chairman and CEO. I think this is a very good situation for "Dongfang Zhenxuan" and "Yihui Xingxing"." (Yan Yan)

This article is from NetEase Technology Report. For more information and in-depth content, follow us.