On the evening of December 17, Oriental Selection issued two announcements on the Hong Kong Stock Exchange, namely "Change of Chief Executive Officer and Appointment of a New Chief Executive Officer" and "List of Directors and Their Roles and Functions".
According to the announcement, the company's board of directors has resolved on December 16 to remove Sun Dongxu as the company's chief executive officer and remove him as executive director, effective immediately. In light of the recent turmoil, Sun's job changes reflect his recent mismanagement of the company's brand and reputationThe Board is of the view that Sun Dongxu's resignation from these positions will better safeguard the interests of the Company's shareholders and allow more experienced directors to take over the day-to-day management of the Company. The Board of Directors has appointed Yu Minhong as the new Chief Executive Officer of the Company with immediate effect.
Dongfang Selection said that as of the date of this announcement, Sun Dongxu and the board of directors have no differences of opinion and have not filed any complaints with the company.
According to the list of directors, Dongfang selected executive directors to be Yu Minhong and Yin Qiang, non-executive directors to Sun Chang and Sun Dongxu, and independent non-executive directors to Lin Zheying, Dong Ruibao and Kwong Weixin.
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Recently, the Dongfang selection "small composition" incident has continued to attract attention. On December 16, Dongfang Selection issued a notice of personnel appointment and dismissal, and Yu Minhong concurrently served as the CEO of Dongfang Selection, removing Sun Dongxu from the position of CEO. On the evening of the 16th, Yu Minhong and Dong Yuhui combined for live broadcast, Yu Minhong talked about why Sun Dongxu was dismissed, whether he was at odds with Dong Yuhui, and other key issues such as Dong Yuhui's treatment, Yu Minhong said many times in the live broadcast that Sun Dongxu's dismissal had nothing to do with Dong Yuhui. Yu Minhong also said that the turmoil started because of a series of small incidents, and later because of management mistakes, it was out of control. In the future, the company's management will definitely refer to Dong Yuhui's opinions, and will also give him sufficient resources and space.
Dong Yuhui said in the live broadcast that he was sorry, "A few of us (of) naïve handling led to a disaster." I communicated with Ms. Yu very well, and I felt that I was always respected and listened to, and for me, it was more important than how much money I sent. Dong Yuhui said that if I left last year simply for a higher monetary reward, because I had received many sky-high offers, but I thought about my life and meaning, and finally I decided to do something I liked, recognized, and meaningful.
The data shows that as of 19 o'clock on the 17th, the number of Dong Yuhui's fans is still soaring, reaching 209510,000, with more than 4 million fans in one day. Dongfang Selection fans fell below 30 million on December 16 and continued**, and slowly in the evening**, reaching 28.71 million at present.
On the 17th, a paragraph showed that Yu Minhong said in a speech at a forum, "Now that Mr. Dong Yuhui is online, there are hundreds of thousands of people in the same period, and when you rely on such a capable employee to build your business model and development, you are working for employees." ”
Yu Minhong also said, "This time the accident of Dongfang Selection is that the thinking of the management team has not been reversed, and it is the traditional thinking to manage these excellent employees." Yu Minhong said that the Oriental selection incident was expected by himself.
In addition, Yu Minhong revealed that he had respected the opinions of the management very much before, and now he is directly in charge of the company, and will soon start a first-class adjustment, including the treatment of all anchors. "This adjustment is not only for Dong Yuhui alone, but for all the anchors of the company. Yu Minhong hopes that through this adjustment, a good development direction and foundation will be laid for the company, "There are still many things that Sun Dongxu can do." ”
Recently, in addition to Dong Yuhui, there have been other questionable incidents in Dongfang Selection. In the live broadcast on December 15, the anchor Tianquan responded to the comments of netizens, saying that "the salary of people who brush the expiration date can't afford to buy egg yolk crisp". So netizens reversed the operation and searched for and bought egg yolk crisp on major platforms, which directly led to a 10-fold increase in sales of low-priced egg yolk crisp.
After that, Yu Minhong said in the live broadcast that Tianquan made a mistake that made me very angry, but because it was a young man, I felt that what I did to Xiao Young, even if I made a mistake, I couldn't beat him to death with a stick. However, the young man should have a long memory, so I told him that he had to apologize to the whole public for this incident and punish him with a three-month suspension of broadcasting. 
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