Xinyaolai (00970) announcedcrashbandicootpurple, Wang Bangyi has been appointed as executive directorcrashbandicootpurple, was also appointed as the chairman of the board of directors, and Qiu Peiyuan was appointed as a newly authorized representative, both effective from April 30, 2024. The above appointment was further confirmed and ratified by the resolution of May 13, 2024.