Ruihe Data Technology Holdings Limited announces that, with effect from March 6, 2026, Dr. Wu Fu-Shea has resigned as a non-executive Director to devote more time to his other personal engagements. The Board announced that, with effect from March 6, 2026, Mr. Wang Jun has been appointed as an executive Director. Mr. Wang, aged 50, holds a Bachelor of Arts degree from Shandong Normal University, a Master of Arts degree from Donghua University, and a Master of Business Administration degree from the University of Wales.
Mr. Wang has over 20 years of experience in listed company operations, marketing, as well as strategy and investment management. He has been the chief executive officer of JHD Holdings Limited since April 2014. Prior to that, from October 2017 to March 2019, Mr. Wang served as Chief Marketing Officer and General Manager of the Group C2M Strategy Promotion Center at Fosun International Limited.
From 2011 to 2017, he also held the positions of Vice President of Business Management and Chief Executive Officer of MasterCard Pinpoint China at Mastercard. Before that, Mr. Wang held business management positions at Lufthansa AirPlus Servicekarten GmbH and American Express Company. The Board announced that Mr. Wu Kezhong has been appointed as a non-executive Director, with effect from March 6, 2026.
Mr. Wu, aged 62, holds a double bachelor?s degree in Engineering and Technology Economics from Shanghai Jiao Tong University, and a Master of Business Administration degree from the University of Louisiana at Lafayette (UL Lafayette), USA. Mr. Wu is currently the founding partner and chairman of PreIPO Capital Partners Limited. He entered the securities investment consulting and investment banking industry in 1992, and started focusing on venture capital and private equity investment on Wall Street, USA in 1995.
He founded PreIPO Capital in 2002. Mr. Wu has accumulated over 30 years of rich practical experience in the field of financial investment and service innovation, and has led or participated in the investment in dozens of high-quality enterprises covering financial services, media, telecommunications, sales networks, consumption upgrading, new materials and other fields. Representative projects include E-house (China), NVC Lighting, Guangzhou Kingteller Technology Co.,Ltd., Beijing Egova Co.,Ltd., Fuyao Glass Industry Group Co.
Ltd., Skshu Paint Co.,Ltd., China Cord Blood Corporation, Montage Technology Co. Ltd., Joyou Kitchen & Bath Co. Ltd., Yongle (China) Electrical Appliances Sales Co.
Ltd., 1919 Liquor Platform Technology Co. Ltd. and WeDoctor Group Limited. Mr. Wu led and promoted the implementation of a number of innovative industry models: he established PreIPO Capital in 2002 which became one of the earliest domestic institutions focusing on pre-IPO PE equity investment; in 2004, he introduced investment from more than 50 US hedge funds for PreIPO Capital?s cooperative projects, and established and promoted SPAC funds targeting Chinese enterprises for acquisition; in 2006, he promoted cooperation between PreIPO Capital and local governments; in 2009, he took the lead in cooperating with Industrial and Commercial Bank of China Head Office to establish an equity investment fund to assist the bank in achieving business innovation and transformation; in 2013, he established an industrial M&A fund cooperating with A-share listed companies to help listed companies achieve industrial transformation, upgrading and integration; after 2017, he further deepened cooperation with local governments to help the high-quality development of regional industries.
Mr. Wu has rich experience in academic and public policy participation. He once taught at the School of Management of Shanghai Jiao Tong University, served as assistant mayor of Nanyang City, Henan Province, and was appointed as a visiting tutor for EMBA programs at many universities including Peking University, Tsinghua University, Fudan University, Shanghai Jiao Tong University and Zhejiang University, and also served as an economic consultant for many local governments and the United Nations Industrial Development Organization.
