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36氪 was informed that Haidilao issued an announcement saying that it has adopted and plans to implement the rotating chief operating officer plan. According to the plan, regional managers, heads or directors of functional departments and directors of various committees are eligible to participate in the rotation plan after meeting certain conditions. The selection and re-election of the COO for each rotation shall be nominated by the CEO and appointed according to the company’s appointment and removal process. At the same time, Haidilao will also adjust the board of directors. Yang Hua, Liu Linyi, Li Yu and Yang Li have each resigned from the board of directors due to work adjustments to resign as executive directors, effective September 21. The above four will continue to hold other positions currently held by the Group.
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