Chen Hang, the founder of DingTalk, steps down as CEO and takes on a new role: annual salary of 100,000 RMB as non-executive director of Baiwang Co., Ltd.
Baiwang Co., Ltd. announced that the临时 shareholders' meeting unanimously approved the appointment of Chen Hang as a non-executive director, which takes effect immediately and lasts until the end of the current board term, with the possibility of re-election. His annual salary is 100,000 RMB, and he will not receive meeting allowances. Chen Hang was an early pioneer in the Alibaba system who oversaw DingTalk. This appointment is considered a symbolic position.
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