RIGOL Technologies Co., Ltd. (RIGOL) has appointed Executive Director Dr. Sun Ningxiao, 38, as Co-Chief Executive Officer with immediate effect, sharing top management duties with current CEO Mr. Wang Ning for the remainder of the Board’s present term.

Under the new dual-leadership structure, Mr. Wang will concentrate on investment management, strategic planning and capital operations, while Dr. Sun will steer day-to-day operations, business implementation and internal management. The Board stated that the arrangement aims to optimise corporate governance, enhance managerial efficiency and strengthen the Group’s talent pipeline.

Dr. Sun currently heads RIGOL’s scope & verification and solutions business units and has served as general manager of wholly owned subsidiary Beijing Naishu Electronics Co., Ltd. since July 2017. He holds a PhD in Instrument Science and Technology and a bachelor’s degree in Information Engineering, both from Beijing Institute of Technology.

Remuneration for Dr. Sun remains unchanged: an annual salary of approximately RMB0.49 million for his existing executive roles, eligibility for share awards approved by the Remuneration and Evaluation Committee, and standard employee benefits. No additional compensation is attached to the Co-CEO position.

As of the announcement date, Dr. Sun owns 1.36 million A shares and 50,000 H shares of RIGOL.

The Board believes the complementary expertise of Dr. Sun and Mr. Wang will support the Group’s pursuit of high-quality growth and sustained shareholder value.