Lifan Technology's new chairman takes office, and Megvii Technology leads future development

Lifan Technology recently issued an announcement, announcing that Megvii Technology CEO Yin Qi officially replaced Zhou Zongcheng as the new chairman of the board of directors and legal representative. This change marks that Lifan Technology is about to enter a new stage of development. In July this year, Megvii Technology founder Yin Qi acquired part of Lifan Technology's shares held by a company under the Geely Group at a price of 2.43 billion yuan, becoming the second largest shareholder of Lifan Technology.