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Media studies emerged Wednesday suggesting that George Zhao, the CEO of main Chinese language smartphone corporate Honor, was once stepping down as Normal Supervisor and a member of the board. As well as, Zhang Jing, Peng Qiu’en and plenty of different executives had been rumored to be taking flight from the corporate, with simplest Chairman Wan Biao last as a best worker. In regards to the information, Honor has declared that that is false knowledge.
George Zhao additionally posted on Chinese language social media platform Weibo, pronouncing that he’s nonetheless a member of the corporate’s board and the CEO of Honor Software Co., Ltd.
Zhao added that Honor’s industry grew at a top velocity in Q1 in comparison to the former yr and quarter. He emphasised that the corporate will proceed to make nice strides in 2022. Zhao additionally expressed because of Honor’s customers for his or her love and improve.
Lately, Honor Software Co., Ltd. has gone through adjustments to its reputable commercial and business registration, including new shareholders Shenzhen Yaoxingchen No.2 Generation (Restricted Partnership) and Shenzhen Yaoxingchen No.3 Generation (Restricted Partnership), either one of which can be collectively held by means of Kunpeng Capital Affiliated Shenzhen Pengcheng New Knowledge Generation (Restricted Partnership) and Shenzhen Sensible Town Generation Keeping Co., Ltd.
SEE ALSO: Specifications of Honor 70 Smartphone Leaked
It was once in the past reported that Honor is thinking about a public record in China this yr, with a desired valuation of $45 billion. Honor has formally denied such studies, labelling them “false information.”
George Zhao stated in an interview on April 25 that once the corporate was once indifferent from Huawei, Honor’s earnings and income persisted to develop healthily. Within the first quarter of this yr, the corporate’s benefit redemption charge and money go with the flow redemption charge each exceeded 100%. Banks granted plentiful credit score to Honor, and its running money go with the flow was once excellent. Zhao added that the diversification of shareholders and capital is very important, offering the company with the sources it must broaden.