Ning Yu was approved to serve as the Chief Compliance Officer of Shanxi Trust.

On November 3, the Shanxi Regulatory Bureau of China's Banking and Insurance Regulatory Commission issued a reply approving Ning Yu to serve as the Chief Compliance Officer of Shanxi Trust Co., Ltd. On the same day, Ning Yu was also approved to concurrently serve as the Assistant General Manager of the company. Shanxi Trust is one of the important trust institutions in Shanxi province, with a registered capital of 1.554 billion RMB according to information on the company's website. The equity structure shows that Shanxi Financial Investment Holding Group Co., Ltd. holds 91.88% of the shares, making it the company's main controlling shareholder.