On December 18, Yu Minhong posted a notice on social media: Dong Yuhui was appointed as the cultural assistant to the chairman of New Oriental Education Technology Group and concurrently as the vice president of New Oriental Culture and Tourism Group. "Congratulations to Yuhui, we will go through thick and thin!"
Earlier, an event poster showed that Dong Yuhui has become a senior partner of Oriental Selection.
17 At about 11 pm, Oriental Selection released a live broadcast preview poster, announcing that Dong Yuhui will conduct a live broadcast with New Oriental founder Yu Minhong at 20:00 on December 18. Previously, Yu Minhong said in a live broadcast that Dong Yuhui will definitely have the right to speak in the future.
Following the continued fermentation of the "little composition" incident and Oriental Selection's announcement to remove Sun Dongxu from his duties as CEO and executive director, on the evening of December 16, in the personal Douyin live broadcast room of Yu Minhong, the current CEO of Oriental Selection, Yu Minhong and Dong Yuhui came forward to respond. Issues hotly discussed in public opinion. During the
live broadcast, Yu Minhong talked about key issues such as why Sun Dongxu was dismissed, whether he and Dong Yuhui were at odds, and Dong Yuhui's treatment. He also said that Dong Yuhui's opinions will be considered in future company management and that he will be given sufficient resources and space.
Regarding the rumors of "choosing one of the two" between Sun Dongxu and Dong Yuhui, Yu Minhong said that there is no such thing. Sun Dongxu is still his "little brother" and will still contribute to Oriental Selection. Yu Minhong also said that the entire incident had nothing to do with Yuhui. It was a management error and a major accident in management. Managers must bear responsibility for major accidents in management.
On the evening of December 17, Oriental Selection announced on the Hong Kong Stock Exchange that Sun Dongxu would be relieved of his duties as CEO and executive director. However, Sun Dongxu is still listed as a non-executive director on the list of board members attached to the announcement. In addition, the announcement announced that the board of directors has appointed Yu Minhong as the company's new chief executive, effective immediately.
[Source: Jiupai News comprehensive party account, previous reports]
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